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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 12:19 pm to JohnnyKilroy
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
1
Posted on 10/4/22 at 2:01 pm to Deactived
quote:
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
Instead of outgrowing and moving, i think we will see a lot more remodels and expansions in the next few years. Or at least that is what I am priming my wife for
we are in a good location that is unless Houston goes full detroit
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