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re: US homeowners hit the jackpot. Median homes up 53% from Jan 2020 to Aug 2023
Posted on 10/1/23 at 7:39 am to JimMorrison
Posted on 10/1/23 at 7:39 am to JimMorrison
quote:
just wait until the market comes to grips with the fact that rates are going to be higher for the next 5-10 years and potentially even further out to 30 years. there is no doubt home prices are correcting because the market is currently disjointed with reality. new homebuyers better believe they are in their forever home because they will be underwater.
3
Posted on 10/1/23 at 7:46 am to SDVTiger
Clown world
Posted on 10/1/23 at 7:55 am to SDVTiger
that response is perfect and encapsulates the average person's thinking.
"home prices going down after surging these past few years is impossible!!!"
don't take it from me. take it from an expert on interest rates where he speaks on the long term cycle. LINK.
people don't realize it because they've been conditioned for the past 15 years of low rates. we're heading to a higher long term rate cycle just as we did from the 1960s to 1980s. anyone remember stagflation and the 70s?
"home prices going down after surging these past few years is impossible!!!"
don't take it from me. take it from an expert on interest rates where he speaks on the long term cycle. LINK.
people don't realize it because they've been conditioned for the past 15 years of low rates. we're heading to a higher long term rate cycle just as we did from the 1960s to 1980s. anyone remember stagflation and the 70s?
Posted on 10/1/23 at 7:55 am to SDVTiger
Section 8 housing developments is kicking arse though. See it everywhere
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