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Message
re: These real estate markets may be on the cusp of a San Francisco-style affordability crisis
Posted on 3/18/22 at 10:30 am to MrJimBeam
Posted on 3/18/22 at 10:30 am to MrJimBeam
quote:
Let me know when lumber prices start decreasing. Housing prices may stall but there won’t be a crash.
Lumber forecasts are down big time. We could see sub $700/1000 board ft by summer.
Bloomberg
That said, while the pace of appreciation may lessen, there is no one who thinks housing prices are going down anywhere anytime soon. We simply have no inventory.
This post was edited on 3/18/22 at 10:30 am
2
Posted on 3/18/22 at 10:32 am to ItNeverRains
quote:
We simply have no inventory.
For how much longer?
3,5,10 more years?
Posted on 4/18/22 at 4:19 am to ItNeverRains
quote:
while the pace of appreciation may lessen, there is no one who thinks housing prices are going down anywhere anytime soon. We simply have no inventory.
We jumped to a slightly less desirable area. Sold our house we paid 375k for 7 years ago for 1.5. Offered 885k for a house listed for 799k to make sure we got it.
Insane but it allowed us to go debt free with a small financial cushion and in this market I took the money and ran.
I am no OT baller so this was our lotto ticket.
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