Do you think the housing market will crash soon knowing interest rates are rising and millenials don't want homes

You ended your original whine-fest with "Shut up. You don't know a thing about millennials." after he created an accurate generalization of your generation. The evidence for your statement came from your own personal experience of N=1. I see dots here but no connections.

Perhaps you should have ended your little huff with "Shut up. You don't know a thing about my personal situation". Your generation has a disproportionately high ratio of individuals that are lazy and useless. You should be happy that you are the exception, not defensive about your peers.

Millennial here wrote:

Mom in your basement wrote:

If prices crash enough millennials will be forced to take in their destitute parents.

Housing prices will not crash.

Millennials will eventually buy homes once their fear of the debt is conquered. The trouble is the millennials are notoriously lazy. They are ill prepared to take care of a home; repairs, maintenance, upkeep, etc.

Nice over generalization. I'm a millennial and have owned my own home for the past 5 years. I did all the work to rehab my home by myself or with a friend....

LOL ... you did the work yourself. That means low quality and lower resale value. I am sure you think you are some kind of handman superstar, but do it yourselfers are always at the bottom of the quality pile. It is like taking someone who knows nothing about your job, having them do it, and having them say, see I got it done. Nevermind that the quality of the work was krap.

Millennial here wrote:

That same mentality is what fosters the blame game which ruins threads, creates clicks, and enriches the brojos.

^Brojo supporter outed

H and R Crock wrote:

It's baked in the cake due to demographics of boomer die-off already in progress, peak debt service capacity whether among the most credit worthy or sub-subprime owners or potential owners, impending bankruptcy of many local public entities.

This is an interesting point. Real estate prices tend to increase because there is a fixed amount of land and an increasing population. But what happens when the population levels off or decreases?

Wow. You really believe the crap you're writing? Please point me to the studies that back up your statement.

Oh right, there are none.

The wasted generation: Even millennials think they are self-absorbed and lazy, claims study

-- Millennials are generally defined as people aged between 18 to 34

-- 59 per cent of Millennials describe their generation as self-absorbed

-- 49 per cent say they are wasteful and 43 per cent describe them as greedy

-- The older the group, the more positively they saw themselves, study found

http://www.dailymail.co.uk/sciencetech/article-3221560/Millennials-self-absorbed-wasteful.html

The wasted generation: Even millennials think they are self-absorbed and lazy, claims study

-- Millennials are generally defined as people aged between 18 to 34

-- 59 per cent of Millennials describe their generation as self-absorbed

-- 49 per cent say they are wasteful and 43 per cent describe them as greedy

-- The older the group, the more positively they saw themselves, study found

http://www.dailymail.co.uk/sciencetech/article-3221560/Millennials-self-absorbed-wasteful.html

80s kid wrote:

It doesn't matter if millennials buy or not, houses will always be expensive. For example, the market in Seattle is ridiculous due to foreign investors in China. People who work at Microsoft, Amazon, Harborview, etc. can't afford homes there and probably never will. Same with California, people are moving in from all over the world.

^ This.

Mom in your basement wrote:

If prices crash enough millennials will be forced to take in their destitute parents.

Housing prices will not crash.

Millennials will eventually buy homes once their fear of the debt is conquered. The trouble is the millennials are notoriously lazy. They are ill prepared to take care of a home; repairs, maintenance, upkeep, etc.

Don't worry, the genXers are steadily paying their mortgages. People forget there is the generation of people who are currently 35 to 55 years old. They aren't millennials. They are not just out of college. They are not boomers about to retire. They are the current work horses that are keeping the economy running. Enough about millennial already.

Housing prices have gone up just like the stock market at an unsustainable rate. A correction is coming in both. Rising interest rates may or may not tip the scale at a 1/4 point increase.

But the reality is that for people buying homes to as a HOME, they are barely affordable to a dual income household. Their sticker price is irrelevant because it is purely based on monthly cost. So as interest rates rise, these buyers must look for a lower cost house to make the monthly payment.

As someone else mentioned, INVESTMENT properties are a different story. This is further confused by the fact that many foreigners are buying in cash as a foothold in the country so property value is not the issue for them, nor are interest rates. It is unknown how many more of these types of buyers there are to keep the market propped up.

Actually, many foreigners are holding off on buying to see whether this country is actually going to allow Trump to remain President. It's going to be very sad (bad) if we do.

You realize that "rising interest rates" are still far, far lower than what we've seen for decades. Here are two examples. When I was a kid, my savings account at the bank paid 5 percent. And when I bought my first house, the mortgage rate was 10 percent. It's all relative. I wouldn't sweat going from 3.5 percent to 5 percent.

But, yeah, the housing market always has ups and downs. When the stock market crashes (just a matter of time, once the GOP gets done destroying the economy AGAIN), home values are going to go down.

I can comprehend why the housing market may crash for many reasons. What I can't comprehend is your lousy grammar, in two sentences you have proven that you lack the comprehension of basic grammar. If grammar is this hard for you I can only imagine how difficult it must be for you to understand a concept like the housing market.

Grammar upsets you so much. Seek professional help.

No, I do not think the housing market will crash soon.

A slow increase in interest rates may actually spur people to buy sooner to beat the higher rates down the road. That demand will keep prices up.

People get more interested in buying homes as they get older, so millenials will buy.

The inventory of available for sale homes is low, which keeps prices up.

The bad loans pre 2008 have mostly been flushed out. Deliquincies are low now.

Prices are not going up fast. Loans are not so easy to get.

What would cause the housing market to crash would be a lot of people trying to sell their homes and not so many people interesting in buying homes.

Nothing points to that right now.

6/10 for throwing the comma splice in there. Poor effort otherwise.

In China or from china?

X-Runner wrote:

No, I do not think the housing market will crash soon.

A slow increase in interest rates may actually spur people to buy sooner to beat the higher rates down the road. That demand will keep prices up.

People get more interested in buying homes as they get older, so millenials will buy.

The inventory of available for sale homes is low, which keeps prices up.

The bad loans pre 2008 have mostly been flushed out. Deliquincies are low now.

Prices are not going up fast. Loans are not so easy to get.

What would cause the housing market to crash would be a lot of people trying to sell their homes and not so many people interesting in buying homes.

Nothing points to that right now.

Exactly. Vacancies are near an all-time low. Houses are just not sitting out there for long. Trying to predict a market crash is a fool's game.

Foreign investment bubble wrote:

80s kid wrote:

It doesn't matter if millennials buy or not, houses will always be expensive. For example, the market in Seattle is ridiculous due to foreign investors in China. People who work at Microsoft, Amazon, Harborview, etc. can't afford homes there and probably never will. Same with California, people are moving in from all over the world.

^ This.

I hear this all the time living in Seattle, but how many houses are really affected from foreign investment??? If this was actually a huge problem, I think it would be more known or I would experience it firsthand living here. I'm sure this is happening, but I bet it is not happening as much as you think.