Future Housing Bubble?

There’s never going to be a big correction where houses are affordable again, they’re gonna keep going up like everything else


If you try to sell a house you’re going to have to sell for a loss though. They call it brandonomics and Obama won the Nobel prize for it

Next step for ESG rating is water wings edging the foundation

I think what many people are forgetting about FL is that a lot of people moved from states that had housing that was higher. So spending more to buy a house here was easier for them and they still had money left over. People are moving here in record numbers. This nowhere near 2008 not even close. Many are not moving with mortgages at 3% and all these new folks are willing to spend top dollar to live here. Dont see a bubble here as long as people are flocking here with tons of cash. Same could be said for TX, TN etc.. Now when your spending top dollar for a house in Louisiana , ok , Iowa etc... then i could see a bubble in locations like that.

The article’s central claim is that places prone to flooding or hurricanes are currently overvalued and that property insurances and flood insurances are going to reach a point where these properties are only good for all cash purposes. The value will drop and people will need to find places that have more stable environmental conditions.

I am seeing this happen in New Orleans right now. I have had multiple clients this year back out of home purchases when the get an insurance quote. I have seen 8k-9k quotes on homes that are 400k. If the home isnt new construction the quotes are outragous right now in the new orleans area.

There was low inventory in recent years and prices were depressed... in 2012 were inventories low? What about 2015? Same? Yep and you could have bought up houses at a big discount to today.

There will be opportunities to get depressed prices again ... but I cannot tell you when. More likely the next crash will be in commercial real estate. I ponder some of that property being converted to rental properties, which should bring rents down in apartments, which should cause lower house prices.

"We’re still several years away from adequate inventory levels. Existing Home prices may not exponentially increase like they have the last 3 years, but should rather stabilize, and still increase, albeit at a lower rate."

There’s been a contingent on here that have been predicting doom and gloom for housing market since at least 2018 when I first started lurking here before I joined. People in 2018 were saying “these prices aren’t sustainable!!!!!!!” Well here we are 5 years later and market hasn’t ‘crashed’ and has gone up exponentially.

Nobody is saying prices are going to keep skyrocketing most are saying prices will remain stable and slight increase so instead of yearly 18%-22% increases like we have seen it will just be 5%-7% increases of course this depends on your local market. Also, price reductions of $10k on already all time high prices isn’t a big deal. If they ever get inflation under control lower rates are just going to cause another spike in home buying like we saw recently. The people wishcasting for a crash on here have been wrong for years now and can’t be taken seriously at this point. It simply hasn’t happened.

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I don’t disagree but just because it hasn’t happened doesn’t mean it won’t.

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Of course it will eventually. People who have been saying this for 5 years will eventually be right. They won't get a special award for that. Prices go up and they go down. That's real estate. There isn't a soul on here who knows when there will be a big correction or a crash. Predicting this every year doesn't make someone a sage.