Is the housing market a bubble? Will a house bought today be worthless in a year or two? Or will home prices continue to climb indefinitely from here?
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"Inventory shortage" is a completely made up lie to keep prices up. Realtors only openly advertise a fraction of available homes to sell to maintain this illusion and just sell homes completely off the market.
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>>62398154>Is the housing market a bubble? Will a house bought today be worthless in a year or two? Or will home prices continue to climb indefinitely from here?Depends on where you stay anon
>>62398377Basically. For some areas, the housing crash already begun. Some boom states such as Texas, Florida, etc already dropped 30%. Meanwhile in NYC, home prices never really fell.
>>62398154long term? no, price go upshort term? maybe to probably. lot of elderly cunts dying and leaving a broken down home to kids living out of state who want nothing to do with that shit
>>62398154there's no crash. some markets up, some markets down, same as it has always been. constant rotation. long term everything up.
>>62398154no, home prices are keeping up with inflation. wages are the only thing not rising in this clown world.
Im sure youll get that 50% off home anonIn the mean time rent is due on the 1st. Be on time (IE 3 days early)
>>62398154>Or will home prices continue to climb indefinitely from here?No because pretty much every developed country is below replacement, people aren't having kids and the biggest generation of all is going to die. Combined with the collapse of social security systems all over and crop failures from the competence crisis the gravy train to the third world will stop and billions will die from famine. Shits going to be real comfy in 10-15 years.
>>62398154people who are priced out and want to buy want a crash. only assholes who own want the market to recover or grow.im a supply sider, but there is no supply-side solution to this. because building is expensive and builders are incentivized to build as big as possible to maximise return, which does nothing for people like me who can't afford a house.no amount of correction is going to let a person like me buy. no realistic amount of building either. the owner class won't allow it.
>>62398154https://henryfudgeofficial.substack.com/p/the-housing-theory-of-everything
It’s a K shaped economy, the rich have tons of money and luxury and vacation home prices are actually going up, I would know I live in a vacation spot on the water and my house is valued 30% more than last year, everyone else is fucked
>>62398393Flyover states will never be popular
>>62398154Don't really care since I bought my house to live in and I can pay it off anytime.
>>62398154It is not a bubble, it is a set of unfortunate regulatory incentives that make the housing market a very popular place to invest capital. It is that investment capital driving up the prices, not greedy boomers or whatever the glowies want you to think. Tax-sheltered gains in the housing market, zero reserve requirement lending, and equity used as collateral for more investing, combined with incentives like deductible mortgage interest has made housing artificially attractive as an investment. It has been going on for decades and is coming to a head. The only way to fix it is to fix the underlying tax and regulatory incentives that fucked it up in the first place, but that is NOT a politically popular thing to do.
>>62398898I bought my house in 2016 with a 3% interest rate. I bought it for 150k and my mortgage is 900 bucks. My zestimate is now 350+ and my salary is now pushing 200k. I'm considering selling and buying a 600k+ house as a "forever home" because I hate my house and I want to get further out of the city, but between interest rates and inflated prices I can't decide if this is a disaster waiting to happen or the best decision of my life.
