Swaglord369 wrote:
People buy a house because they need/want one.
The rise since covid was spurred on by interest rates and sustained with increased savings and stock/crypto investment performance, PLUS the fear of missing out on grabbing a utility while it’s still available. People think if they wait too long they won’t be able to afford the place they were looking at on Zillow that’s 90% good enough for them.
Rates up, people can afford less home. Lower demand, sellers will sell for less. I feel like this is gonna be a fairly quick regression back to the usual expected increase. Then supply chains will get back to normal and a glut of new homes being finished will allow for a small correction. But definitely no -20% crash.
If you are gonna buy a home for yourself, just wait until you actually need it and are gonnna enjoy living there for 5-10 years min. Otherwise just invest in stocks and crypto and stay nimble.
If you don't mind your landlord doing a health and safety inspection anytime a landlord choses. Jamin started this thread because he is waiting for a collapse in U.S. real estate markets. As I stated in my first post on this thread, NO COLLAPSE IN U.S. REAL ESTATE UNLESS THE FED, WITH INTENT INVERTS THE YIELD CURVE. The Fed, under Greenspan if I recall correctly Inverted the Yield Curve WITH INTENT, not randomness of bond traders in mid-00s. If The Fed does not intentionally Invert the Yield Curve, there will be no down turn in U.S. housing.