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re: Why are homeownership rates precipitously declining?
Posted on 8/31/16 at 11:29 am to CorporateTiger
Posted on 8/31/16 at 11:29 am to CorporateTiger
I'm of the opinion that a home being an appreciating asset is going to come under significant pressure in the next decade or so. Up until this point, essentially any home built 20+ years ago is more valuable today than it was then, regardless of location. Going forward I think only the highly desirable areas will see similar appreciation due to the increasing flexibility that technology brings to most jobs.
1
Posted on 8/31/16 at 11:37 am to slackster
Yes, exactly. This is why that guy talking about how much he has made owning houses in Austin is ridiculous. Austin has been one of the hottest cities in the U.S. for the last 5-10 years. No shite the housing market has been on a huge uptick.
That isn't the case everywhere. Further when/if Austin cools down that you could be fricked if you bought into a massive bubble.
The idea that all (or pretty much all) land infinitely appreciates is ridiculous. You can see it happening some of the old Flavor of the Month suburbs.
That isn't the case everywhere. Further when/if Austin cools down that you could be fricked if you bought into a massive bubble.
The idea that all (or pretty much all) land infinitely appreciates is ridiculous. You can see it happening some of the old Flavor of the Month suburbs.
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