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teke184
LSU Fan
Zachary, LA
Member since Jan 2007
60677 posts

re: When will the housing bubble end?
Depends… is the economy going full on Weimar Republic considered ending the bubble?

Housing costs go up but that is because money is no longer worth the paper it is printed on.


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13
Cdawg
Houston Astros Fan
TigerFred's Living Room
Member since Sep 2003
55973 posts

re: When will the housing bubble end?
Are you sure it’s a bubble?


CunningLinguist
New Orleans Saints Fan
Dallas, TX
Member since Mar 2006
17536 posts

re: When will the housing bubble end?
Not anytime soon per my rental property manager who is also a real estate agent. We have been looking to sell and move to a new primary residence but we’re too fearful of a buying process in this market.

This post was edited on 7/22 at 9:49 am


OweO
LSU Fan
Plaquemine, La
Member since Sep 2009
95901 posts

re: When will the housing bubble end?
quote:

A big reason a lot of folks relocated was to move to cheaper cost of living areas while working remotely.


I think this will be something that will have an impact long term.


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40
tigergirl10
Member since Jul 2019
6519 posts

re: When will the housing bubble end?
quote:

we could easily get 25% more if we sell today
Then buy what?


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71
dewster
LSU Fan
Chicago
Member since Aug 2006
20528 posts

re: When will the housing bubble end?
quote:

When will the housing bubble end?



Not sure there is a bubble.

Millenials have put off homebuying for a long time and have started to make their moves finally.


PhiTiger1764
LSU Fan
Lurker since Aug 2003
Member since Oct 2009
12427 posts

re: When will the housing bubble end?
quote:

Are you sure it’s a bubble?

It’s a bubble.


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51
PeteRose
LSU Fan
Hall of Fame
Member since Aug 2014
13057 posts

re: When will the housing bubble end?
With housing, everyone seems to have the obvious and simple explanation of how things are and what the future will be. Look at 2008...of course, everything was so obvious after the fact but people didn’t realized it before the crash. Nothing goes up forever because people make bad decisions and never learn from them.


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Rex Feral
Georgia Fan
Member since Jan 2014
5776 posts

re: When will the housing bubble end?
quote:

When we close the southern border.

You know they aren't buying houses. They'll cram five families into a 3 bedroom rental and park 10 cars in the front yard.


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60
skullhawk
LSU Fan
My house
Member since Nov 2007
16585 posts

re: When will the housing bubble end?
WFH + people fleeing liberal hell holes hasn't even begun to settle itself out so I think this bubble still has a lot of life left.

The Biden admin is trying to loosen regulations on loan requirements so we're probably 10 years away from another complete housing collapse.


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05
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USA
Member since 2001
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AUFANATL
Auburn Fan
Member since Dec 2007
1761 posts

re: When will the housing bubble end?

Baby Boomers are getting old and they still own a significant chunk of the housing market. They will eventually do what all old people do - start downsizing, moving into retirement and nursing homes and dying.



VADawg
USA Fan
Jacksonville
Member since Nov 2011
30090 posts

re: When will the housing bubble end?
quote:

Probably not long after the eviction moratorium expires.


This is going to create a clusterfrick. Stupid shite should have never lasted longer than about 2 months.


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20
thadcastle
LSU Fan
Member since Dec 2019
1806 posts

re: When will the housing bubble end?
quote:

Baby Boomers are getting old and they still own a significant chunk of the housing market. They will eventually do what all old people do - start downsizing, moving into retirement and nursing homes and dying.

I am interested to see what happens when boomers do start dying off


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40
Tortious
ATX
Member since Nov 2010
3045 posts

re: When will the housing bubble end?
quote:

We have been looking to sell and move to a new primary residence but we’re too fearful of a buying process in this market.


This. In same boat. Want to take money and run, buy don't want to have to overspend to have a new home or live in a transitory setting till it stabilizes.


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PhiTiger1764
LSU Fan
Lurker since Aug 2003
Member since Oct 2009
12427 posts

re: When will the housing bubble end?
April 2005 - April 2007 is the only time in recorded history that the home price to median household income ratio was above where it is at now.

LINK

And we are still waiting to see data from the last 4 months… BUBBLE.


The Third Leg
Iowa Fan
Idiot Out Wandering Around
Member since May 2014
7470 posts

re: When will the housing bubble end?
Anyone that doesn’t think this is a bubble is insane.


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60
Art Vandelay
LSU Fan
LOUISIANA
Member since Sep 2005
9180 posts

re: When will the housing bubble end?
quote:

Are you sure it’s a bubble?


I would say no, but I’m not an economist and they don’t even know. It’s just what I see in the construction side. Low interest rates and a need for housing stemming back from the last bubble that did burst has created a housing need. They can creep interest rates back up and I think at around 4 % it will slow it down but I don’t see a “bust” which would indicate a bubble. . I see 3 years of work for me right now.

I do think we will see a lot of people who over valued their house asset during this pandemic and current house buy/sell frenzy. Not sure if that will cause any crash going forward. Prices are coming down on some materials and will continue to create cheaper housing for those who waited out building.


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go ta hell ole miss
New York Yankees Fan
Member since Jan 2007
10085 posts

re: When will the housing bubble end?
We have under built for the last 10 years. America’s average age is right in the sweet spot of homebuyers. Those two things coupled with low interest rates have driven this. This is not actually a bubble, it’s just catching up after a 10 year lull due to the housing crisis.
This post was edited on 7/22 at 9:19 pm


Ajo Devil
Arizona State Fan
Tempe, AZ
Member since Sep 2006
1630 posts

re: When will the housing bubble end?
quote:

When will the housing bubble end?


If I had a crystal ball that would allow me to answer this, I sure as hell wouldn't be hanging around the OT.


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51
SlidellCajun
LSU Fan
Slidell la
Member since May 2019
4807 posts

re: When will the housing bubble end?
The market is definitely hot but I’ve seen two sides of this coin. There is still some rationality to the market.

Some places go for well over “market “ price and some sit.
In my area, $300 per sq foot is a good price for a turnkey property with 3-4 bed and 3+ bath. We saw one go for close to $400 per sq ft recently and everyone got worked up . A few listed after with prices near $400/sq ft and they sit.

So it’s not like a crazy market like we saw in 08 where stupid stuff was happening and loans were given with no collateral. There’s still some rationality to it.
If you’re property isn’t selling in 30 days in this market, it’s over priced and you better adjust or it becomes stale and people think it has a problem. The market is speaking to you. Listen
This post was edited on 7/22 at 12:58 pm


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