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Message
re: credit bubble vs house prices
Posted on 5/10/24 at 5:37 pm to Saunson69
Posted on 5/10/24 at 5:37 pm to Saunson69
quote:
Are you saying you expect housing to increase another 6-8% this year
Yes thats exactly what im saying
It will be 10% + if rates drop even 1% which they will
quote:
Median housing price has already dropped 5%+ in the last 1 year.
Idiots like Diana Olick who has said not to buy a home for the last 15yr cause its gonna crash say
1
Posted on 5/10/24 at 5:39 pm to SDVTiger
Just check out this link
US Median home price
I still don't think people realize even if interest rates drop 1%, the average to quasi upper middle class American still can not afford these homes. There is no one waiting on the sidelines as those like to say for meager drops. They are waiting for major interest rate drops and housing price corrections.
Many are okay with renting until it happens as it is still cheaper.
US Median home price
I still don't think people realize even if interest rates drop 1%, the average to quasi upper middle class American still can not afford these homes. There is no one waiting on the sidelines as those like to say for meager drops. They are waiting for major interest rate drops and housing price corrections.
Many are okay with renting until it happens as it is still cheaper.
This post was edited on 5/10/24 at 5:41 pm
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