The Housing Market will NEVER ... EVER!! EVER go back to 2008 levels!!

[BornStar]

1. The lending practices were crazy in 2008

2. The Average home owners are doing OK. They have jobs there is no

3. There us a decent amount of supply. New homes are being built everyday.


If anything it will crash upwards to a price you can't afford. Businesses will buy the home.. while you are trying to time the market and wait for a house you will just price yourself out the markets where you won't own a damn thing.


Your thoughts?

 

[ORDER_66]

people can't afford it sustain these prices tho....

 

[Still Benefited]

Once they start 3d printing houses we will see if these homes can maintain their value

 

[Orange cream shake]

I somewhat disagree. In my opinion hot markets, the prices will stay the same or continue to increase but at a lower rate than what we have seen over the last few years. In less attractive markets, homes are sitting and slashing prices every week. I’ve seen people who still think it’s 2021 trying to sell their home at top dollar only to remove the listing after a month.


Everybody think they smart and look at buying a home as an investment which isn’t a bad thing but you have a generation of adults that think they are going to come up “if” the market goes to shyt. They don’t realize that “If” that happens, cash is king and they will continue to get outbid by people with cash and or investors. Only people getting deals right now are investors. Yeah prices have come down but I rates have doubled and we don’t know when or if they will ever come down. I always tell people at the end of the day, buy when you are financially and emotionally ready. Not when some YouTuber tells you the market is going to crash.

 

[malleymal]

Rates have gone up and housing prices aren’t going anywhere. There is truth in the fact that people aren’t forced to sell their house because they were in predatory loans. People have money and are in houses that they bought at ridiculously low rates.

 

[bnew]

 

[Orange cream shake]

Rates have gone up and housing prices aren’t going anywhere. There is truth in the fact that people aren’t forced to sell their house because they were in predatory loans. People have money and are in houses that they bought at ridiculously low rates.

Yup, two homes that were built by a different builder than mine both put their homes on the market for more than any home has sold for in this community. There is one home currently under contract for about 40k less than the highest listed home. That home has a pool though and went under contract in a day. Both homes sat on the market for almost a month slashed prices and then took them off the market. These people were listing their home over 2021 prices. I say this prove your post. People who think they are going to get 100k over list price, when they don’t will simply just take their house off the market. Also, people are taking advantage of modifications to cure their delinquency. It’s crazy. I do wonder how long that will last with increasing rates. If we do happen to have 2008 crash, that would mean economy is shyt, unemployment is high and the majority of y’all won’t be taking advantage of it because y’all will be unemployed.

 

[BornStar]

people can't afford it sustain these prices tho....

Thats what i thought...Who will buy up the houses then?


Businesses , Corporations and Investors

Rent nation coming up

 

[Tribal Outkast]

Homes are going down in price around here so I’m hoping you’re wrong. I need them to keep dropping though

 

[Spence]

Yup, two homes that were built by a different builder than mine both put their homes on the market for more than any home has sold for in this community. There is one home currently under contract for about 40k less than the highest listed home. That home has a pool though and went under contract in a day. Both homes sat on the market for almost a month slashed prices and then took them off the market. These people were listing their home over 2021 prices. I say this prove your post. People who think they are going to get 100k over list price, when they don’t will simply just take their house off the market. Also, people are taking advantage of modifications to cure their delinquency. It’s crazy. I do wonder how long that will last with increasing rates. If we do happen to have 2008 crash, that would mean economy is shyt, unemployment is high and the majority of y’all won’t be taking advantage of it because y’all will be unemployed.

Exactly what we did. We listed our house for both sale and rent just to see if any crazy offers came though. Open door gave us a fair price and we got an offer for $213k when we weren’t going to move for less than $225 at the bare minimum. We just snatched the house off the market and got a 2 year lease tenant for $1700 a month and we will try again in 2024 to see if we can land $300k+.

 

[BeeCityRoller]

1. The lending practices were crazy in 2008

2. The Average home owners are doing OK. They have jobs there is no

3. There us a decent amount of supply. New homes are being built everyday.


If anything it will crash upwards to a price you can't afford. Businesses will buy the home.. while you are trying to time the market and wait for a house you will just price yourself out the markets where you won't own a damn thing.


Your thoughts?

This is what they don't want to tell you. All these people talking about a "crash" but can't give anyone a price target or timeline within the next 12 months because their viewers will be back with pitchforks.

Back when I was House Hunting last year in the low $300's investors bought up about a quarter of the houses I inquired about. Now these same homes have gone up $40-60k in value since then. Even if home prices drop back to 2021 levels (forget about 2020 and earlier) your mortgage is still several hundred dollars higher due to interest rates doubling.

A $600k home that was overpriced dropping to $480k in Atlanta/Dallas/Charlotte means nothing because the average buyer still can't afford a $480k home today. $300k-$350k is the new "Affordable housing" and even those are still being bought by Multi-Million/Billion investors with 0% interest.

 

[Spence]

This is what they don't want to tell you. All these people talking about a "crash" but can't give anyone a price target or timeline within the next 12 months because their viewers will be back with pitchforks.

Back when I was House Hunting last year in the low $300's investors bought up about a quarter of the houses I inquired about. Now these same homes have gone up $40-60k in value since then. Even if home prices drop back to 2021 levels (forget about 2020 and earlier) your mortgage is still several hundred dollars higher due to interest rates doubling.

A $600k home that was overpriced dropping to $480k in Atlanta/Dallas/Charlotte means nothing because the average buyer still can't afford a $480k home today. $300k-$350k is the new "Affordable housing" and even those are still being bought by Multi-Million/Billion investors with 0% interest.

That’s the game though, the “median” house right now is $320k and in most places is only getting you an average as hell 4 bed 2.5 bath with no plus features. These corporations don’t want ANY one buying houses so they can convert everyone to renters much like 90% of NYC is.

 

[UberEatsDriver]

Houses are getting bigger despite families getting smaller.

You got a lot of weirdos that work at cvs and think they need to live in a 4,000 sq ft house with 1 bedroom going to their dog




Build houses smaller again and maybe that will cut some of the prices down

 

[Spence]

Houses are getting bigger despite families getting smaller.

You got a lot of weirdos that work at cvs and think they need to live in a 4,000 sq ft house with 1 bedroom going to their dog




Build houses smaller again and maybe that will cut some of the prices down

Just as an example here innHouston it’s so spread out now that just Harris county alone is larger than the entire state of Connecticut breh. They keep pushing neighborhoods further and further out in each direction. Now that wfh is here to stay though it may not matter as much to be near a city center but when you are looking at it taking 1hr to get into town for an event with no traffic (2.5hrs with) you can keep that shyt

 

[the bossman]

This is what they don't want to tell you. All these people talking about a "crash" but can't give anyone a price target or timeline within the next 12 months because their viewers will be back with pitchforks.

People have been on repeat edvry month for the past 2 years since COVID started.

"housing market bout to crash housing market bout to crash" nikka when?