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re: Wall Street: Housing market to see 2nd biggest home price decline since Great Depression
Posted on 10/4/22 at 9:46 am to GreatLakesTiger24
Posted on 10/4/22 at 9:46 am to GreatLakesTiger24
quote:
maybe not buying a house in 2021 wasn't the mistake of a lifetime, as i've been told so many times
Really depends on the area.
Shitty overbuilt exurbs featuring 150 homes with the same floorplan are probably going to get crushed. Highly desirable suburbs with well maintained quality homes will probably maintain or even keep going up, albeit much more slowly than the last couple of years.
2
Posted on 10/4/22 at 9:52 am to JohnnyKilroy
The suburbs will probably weather whatever is coming better than inner cities where townhomes are going for $500k - $1m only a few blocks next to a crack den.
Posted on 10/4/22 at 12:19 pm to JohnnyKilroy
quote:
Really depends on the area.
Shitty overbuilt exurbs featuring 150 homes with the same floorplan are probably going to get crushed. Highly desirable suburbs with well maintained quality homes will probably maintain or even keep going up, albeit much more slowly than the last couple of years.
Thats what I'm thinking. The nice neighborhoods are going to keep value. I don't think people are just going to chop off 20% off the price just because the marker is bad. They just won't sell
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