Is the housing market sustainable? If boomers start kicking the bucket faster, then wouldn't the housing market be especially fucked? Nobody is buying anymore.
The housing market is so dysfunctional it no longer requires buyers.
Expect a 2028 crash. There is so much inventory and far too little buyers that it's no sustainable by any means. I keep seeing listings drop 30k-50k on Zillow. If this keeps going there will be a market crash. Interest rates are also far too high that it's keeping potential home buyers who are renting from buying since renting seems more desirable.
>>62765763the economic reality is that houses are far too overvalued, and supply is artificially constrained. so no I would not call this situation sustainable
>>62765894>There is so much inventoryThere is actually a massive shortage of inventory. New house construction crashed after 2008 and didn't recover to pre-2008 levels until 2022. So while there are more people looking to buy homes than ever, barely any new inventory exists to meet that demand. Which suits the current home owners just fine, since it causes their property values to sky rocket. This situation is so fucked up that any new house that enters the market is immediately over-valued, pricing it out of reach of first time buyers.
before>housing was planned for the common man to buy propertynow>housing is planned for small investors and big companies to buy and provide rent to the common manIt's not that hard to understand, the housing market and its philosophy changed. You are not expected to buy, only investors.We are now in the cope phase, where governments are still giving hope to poorfags, but in the future, buying will not be even considered culturally.
Its not the houses that are overpriced its the money thats overvalued #Trvke
>>62765763I could buy a house cash but I live with my parents because I get no bitches and Iād rather not be alone in an empty house and I want to hide that I have money because greed might strain relationships with my loved ones.
>>62766269that's nice that your parents don't resent you for taking up their resources nor giving them grandchildren
>>62765763Are we pretending the housing market is some homogeneous monolith?
>>62766269i can tell you've never tried at all to get bitches
