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MSTiger33
LSU Fan
New York City
Member since Oct 2007
16915 posts
 Online 

When will the housing bubble end?
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.


AllDayEveryDay
Texas A&M Fan
Nawf Tejas
Member since Jun 2015
2643 posts

re: When will the housing bubble end?
When we close the southern border.


Mingo Was His NameO
LSU Fan
Brooklyn
Member since Mar 2016
18323 posts
 Online 

re: When will the housing bubble end?
quote:

neighbor


quote:

These aren’t cheap houses


Bull shite


WDE24
Yale Fan
Member since Oct 2010
48986 posts

re: When will the housing bubble end?
When supply catches up with and then passes demand.


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212
Ham Solo
Arkansas Fan
Member since Apr 2015
5743 posts

re: When will the housing bubble end?
Probably not long after the eviction moratorium expires.


BottomlandBrew
LSU Fan
Member since Aug 2010
23263 posts

re: When will the housing bubble end?
quote:

When we close the southern border.


Who will then build the new houses to relieve stress of the market?


MSTiger33
LSU Fan
New York City
Member since Oct 2007
16915 posts
 Online 

re: When will the housing bubble end?
One was 900k. The other was 2.25.


AUriptide
New Orleans Saints Fan
Member since Aug 2009
5821 posts

re: When will the housing bubble end?
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.


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90
Rex Feral
Georgia Fan
Member since Jan 2014
5787 posts

re: When will the housing bubble end?
When the fed raises interest rates.


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291
BluegrassBelle
Kentucky Fan
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
85239 posts

re: When will the housing bubble end?
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.


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Solo Cam
LSU Fan
Member since Sep 2015
24081 posts

re: When will the housing bubble end?
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.


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76
Solo Cam
LSU Fan
Member since Sep 2015
24081 posts

re: When will the housing bubble end?
quote:

One was 900k. The other was 2.25.


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153
skidry
LSU Fan
Member since Jul 2009
2415 posts

re: When will the housing bubble end?
When fedgov stops printing money


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66
Tomatocantender
LSU Fan
Boot
Member since Jun 2021
467 posts
 Online 

re: When will the housing bubble end?
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.


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70
kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
82728 posts

re: When will the housing bubble end?
quote:

When we close the southern border.


So not while marxists are in charge.


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43
OweO
LSU Fan
Plaquemine, La
Member since Sep 2009
95990 posts

re: When will the housing bubble end?
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.


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25
RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
197890 posts

re: When will the housing bubble end?
quote:

Who will then build the new houses to relieve stress of the market?


Enforce actual laws on books regarding immigration

Watch wages rise


TaderSalad
USA Fan
mudbug territory
Member since Jul 2014
20076 posts

re: When will the housing bubble end?
When they crash the housing market


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03
LSUcajun77
LSU Fan
New Orleans
Member since Nov 2008
15566 posts

re: When will the housing bubble end?
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.


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25
BottomlandBrew
LSU Fan
Member since Aug 2010
23263 posts

re: When will the housing bubble end?
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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