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When will the housing bubble end?
Posted on 7/22/21 at 9:20 am
Posted on 7/22/21 at 9:20 am
I don’t know what is crazier, the prices or demand. I had one neighbor get full asking for their house one hour after listing and sight unseen. Another neighbor had a contract and full cash offer one day after listing. These aren’t cheap houses. We bought in October and our realtor said we could easily get 25% more if we sell today.
23
Posted on 7/22/21 at 9:21 am to MSTiger33
When we close the southern border.
Posted on 7/22/21 at 9:21 am to MSTiger33
quote:
neighbor
quote:
These aren’t cheap houses
bullshite
Posted on 7/22/21 at 9:21 am to MSTiger33
When supply catches up with and then passes demand.
Posted on 7/22/21 at 9:22 am to MSTiger33
Probably not long after the eviction moratorium expires.
Posted on 7/22/21 at 9:22 am to AllDayEveryDay
quote:
When we close the southern border.
Who will then build the new houses to relieve stress of the market?
Posted on 7/22/21 at 9:23 am to Mingo Was His NameO
One was 900k. The other was 2.25.
Posted on 7/22/21 at 9:23 am to MSTiger33
It's crazy good, if you're looking to get one sold, but hell to find one to buy.
We would like to move, but nothing good last more than a day and people are paying way over list price to get them.
We would like to move, but nothing good last more than a day and people are paying way over list price to get them.
Posted on 7/22/21 at 9:23 am to MSTiger33
When the fed raises interest rates.
Posted on 7/22/21 at 9:24 am to MSTiger33
It might could stabilize if employers start allowing work from home hybrids where employees will have to live within the vicinity of an office. A big reason a lot of folks relocated was to move to cheaper cost of living areas while working remotely. Not everyone will stay fully remote post-COVID lockdowns.
With inflation on top of it, I give it about a year before you start to see major foreclosures on these houses folks have paid out of pocket for pre-inspection but have trouble affording the materials to upgrade.
With inflation on top of it, I give it about a year before you start to see major foreclosures on these houses folks have paid out of pocket for pre-inspection but have trouble affording the materials to upgrade.
Posted on 7/22/21 at 9:24 am to MSTiger33
In November you’re going to see a shite load of foreclosures and then the market will flood. Once the foreclosure ban is up it’s game over.
Supply will surpass demand and home prices will fall.
Supply will surpass demand and home prices will fall.
Posted on 7/22/21 at 9:25 am to MSTiger33
quote:
One was 900k. The other was 2.25.
Posted on 7/22/21 at 9:26 am to MSTiger33
When fedgov stops printing money
Posted on 7/22/21 at 9:26 am to MSTiger33
There's a bill floating around Capitol Hill right now suggesting $15k tax credit at closing for anyone that hasn't purchased a home in the last 3 yrs. Given at closing and not just a washed credit on tax returns.
That could potentially spike up demand even that much more if it's passed as law.
That could potentially spike up demand even that much more if it's passed as law.
Posted on 7/22/21 at 9:26 am to AllDayEveryDay
quote:
When we close the southern border.
So not while marxists are in charge.
Posted on 7/22/21 at 9:28 am to MSTiger33
This is what someone wrote to me about the housing market.
"If 2s/10 invert, there's actually something to worry about. Its one of the most consistent recession predictors & can take up to 34 months to actually come to fruition. Last time that happened was August 2019, 23 months ago"
That it for what its worth.
"If 2s/10 invert, there's actually something to worry about. Its one of the most consistent recession predictors & can take up to 34 months to actually come to fruition. Last time that happened was August 2019, 23 months ago"
That it for what its worth.
Posted on 7/22/21 at 9:29 am to BottomlandBrew
quote:
Who will then build the new houses to relieve stress of the market?
Enforce actual laws on books regarding immigration
Watch wages rise
Posted on 7/22/21 at 9:30 am to MSTiger33
When they crash the housing market
Posted on 7/22/21 at 9:32 am to MSTiger33
I paid 10 over, sight unseen. Couldn’t be happier with the new place.
Best part was house appraised for 5 over our purchase price. After the seller put a new roof on it for one minor inspection flaw.
Renovating previous house now to sell. Going big on the asking. Might as well, someone will pay it. The market is nuts right now.
Best part was house appraised for 5 over our purchase price. After the seller put a new roof on it for one minor inspection flaw.
Renovating previous house now to sell. Going big on the asking. Might as well, someone will pay it. The market is nuts right now.
Posted on 7/22/21 at 9:39 am to RogerTheShrubber
I don't disagree with you, but let's look at reality. The construction industry, among other industries, is reliant on cheap, immigrant labor in order to meet consumer demand for prices. New housing slowed drastically when lumber went up. Can you imagine the repercussions if labor costs, the #1 cost, went up by 50%?
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