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Message
re: Housing prices are alarming
Posted on 6/10/19 at 8:12 am to Mud_Till_May
Posted on 6/10/19 at 8:12 am to Mud_Till_May
A correction is coming soon.
Housing price growth and rental price growth has far surpassed wage growth for several years now. It's not sustainable.
That's not the only reason a correction is coming but it's a huge part of it.
Housing price growth and rental price growth has far surpassed wage growth for several years now. It's not sustainable.
That's not the only reason a correction is coming but it's a huge part of it.
3
Posted on 6/10/19 at 8:15 am to stout
i ran into an old client yesterday (he owns a lot of rental properties) and he said that the LC market is way over-saturated and now you are seeing company listings getting bigger and rentals staying on the market longer. seems like we's about to experience a correction here
This post was edited on 6/10/19 at 8:16 am
Posted on 6/10/19 at 8:42 am to stout
quote:big facts
A correction is coming soon.
Housing price growth and rental price growth has far surpassed wage growth for several years now. It's not sustainable.
That's not the only reason a correction is coming but it's a huge part of it.
Ya boy GLT about to profit bigly
Posted on 6/10/19 at 9:27 am to stout
quote:
Housing price growth and rental price growth has far surpassed wage growth for several years now. It's not sustainable.
This has been ongoing since the 60s or 70s IIRC. Wage stagnation has just killed personal buying power. This is why you have 30 year mortgages.
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