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re: credit bubble vs house prices

Posted on 5/13/24 at 9:48 pm to
Posted by Big Scrub TX
Member since Dec 2013
33642 posts
Posted on 5/13/24 at 9:48 pm to
quote:


Dollar is about to get devalued as more countries shite can the dollar and all of those dollars come back. Too many dollars and too few goods, hyperinflation.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51855 posts
Posted on 5/14/24 at 7:57 am to
quote:

Dollar is about to get devalued as more countries shite can the dollar and all of those dollars come back.


Not yet. There's no competitor to the USD on the international market. The USD has lost a bit of ground as the primary world reserve currency over the last 20 years, but it still makes up well over half of all international transactions. That means it's used more than all other reserve currencies in the world combined.

Some other currency (or Frankenstein conglomeration of currencies) may end up being an alternative decades from now, but we're nowhere near there yet. Still, with the way the federal government and the consumer are creating shittons of USDs through debt creation, it's only a matter of time unless something changes.
Posted by KennytheTiger
bella vista ar
Member since Apr 2012
181 posts
Posted on 5/15/24 at 10:35 am to
Don't listen to this guy, he doesn't know what he's talking about. Median housing price has already dropped 10%+ in the last 1 year. It's doing exact opposite.

Now is not the right time to buy. Let it continue to go down.

Median house price in US
______________

OP shared he is in an accelerating market. Local factors more important than US trends in real estate.
Posted by TDawg1313
WA
Member since Jul 2009
12313 posts
Posted on 5/15/24 at 11:08 am to
quote:

Also to further provide info: this is a very expensive area and have gone up 60%+ within past 1 year so even more concerning


In Kirkland? We have a place in that area we are planning to sell next year. I haven't seen anything close to those numbers. Are you shopping a specific neighborhood or something?

I do think that if you want to buy in that area, it will be a good appreciation market. I think the best time to buy would be yesterday. There is no room to build anything there. Although Google isn't expanding as much as expected in Kirkland, so that could halt things a bit.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74461 posts
Posted on 5/15/24 at 11:25 am to
quote:

Now is not the right time to buy. Let it continue to go down


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