Goat poster
KANG LIFE
Are you saying Housing cost to average citizens is an unlimited concept?
do you know how much a house will cost in 10-20 years if this type of trajectory continues?????
House is swarmed after being listed in Raleigh for under $300k
- Thread starter Responsible Allen Iverson
- Start date
do you know how much a house will cost in 10-20 years if this type of trajectory continues?????
Mr Hate Coffee
Veteran
The really funny yet sad part is a low listing price is always a good strategy to get folks into a bidding war and eventually paying way more
To a degree. No point in having 300 ppl bid when you can raise the price appropriately and have 10 ppl bid. Achieves the same goal without all the nuisance
Field Marshall Bradley
Veteran
That's the issue... you trying to learn still..... I deal in wisdom when it comes to matters like this.....
You go girl.
If and when the housing market gets corrected a LOT of people are going to be upside down. It's going to be a blood bath
I think he is saying overall, the value of housing rarely decreases. While some people here are waiting for a downturn(not sure why though, they'll still have to pay more), immigrants will put their money together and live together to buy the house at whatever price and make it work. If the demand for a house is high now, it will take years for the demand to lower, especially when more apartments are being built at a much more faster rate in a lot of places. If these areas improve from the new residents, then the houses in the area will most likely rise in value.
Pretty much, get in where you fit in.
Field Marshall Bradley
Veteran
Field Marshall Bradley
Veteran
You go girl.
Your avi name is well suited.... Like I always say, yall gon learn......
Field Marshall Bradley
Veteran
Well, price of houses will increase just due to natural inflation, but that doesn't mean you walk away with a mean profit every time you sell
Keep waiting on that crash
Just look at the big cities in America, like NYC or SF.
Nobody owes you a limit.
Pray to the Market Gods for a crash is not a winning game plan. Yeah you might get lucky, but that's all it will be. Luck.
Completely different circumstances and market.
The crash of 07/08 was due to the high number of “high risk” loans in the market combined with the adjustable rate mortgages. If memory serves me correct, the number of high risk loans in the market was over 45%.
In the current market there is less than 5% high risk loans. The market will
Balance out at some point naturally. But waiting for a crash is pretty ambitious to say the least.
Field Marshall Bradley
Veteran
Keep waiting on that crash
Doesn't have to be a crash in order for the prices to come back down.....
the bossman
Superstar
Regulations were loose af in 08. nikkas could get mortgages with part time jobs. So the chances for defaults were really high. Now Banks are a lot more strict about how they loan out money compared to back then. Regulations increased since then as well. I don't see how you get another "crash" like 08.
A cool off? Probably but I wouldn't expect a crash like 08
A cool off? Probably but I wouldn't expect a crash like 08