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re: Home prices are now contracting at levels only seen 2 times

Posted on 9/23/23 at 11:56 am to
Posted by ned nederlander
Member since Dec 2012
4387 posts
Posted on 9/23/23 at 11:56 am to
Housing stock is, and will continue to be, underdeveloped in most major markets. Rents and values are only going up.

Maybe not if you live in Philadelphia, MS. But in any major metro, state capital, or university town residential real estate will remain a great investment.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167900 posts
Posted on 9/23/23 at 12:03 pm to
quote:

Rents and values are only going up.



Rental rates are actually starting to level off too due to lower demand. Many people taking on more roommates instead of maybe living alone.


LINK
Posted by jennBN
Member since Jun 2010
3151 posts
Posted on 9/24/23 at 6:51 pm to
quote:

Maybe not if you live in Philadelphia, MS. But in any major metro, state capital, or university town residential real estate will remain a great investment.


That is a brave statement in the current economic environment. Might have to bookmark this thread…
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