Unpopular opinion: Housing prices will not go down

[Alvin]

I always thought that Compton was a nice quaint looking area.

Was Compton developed during 50s/60s suburb boom?

known farm town.

 

[Laidbackman]

There is really only one issue that companies like black rock and vanguard can buy as many single family homes as they can afford, over pay and buy them cash.


I could give a fukk less about some random dude with owning a house or two. These companies owning 30 % of a city is big issue and should be illegal

If the young people revolt, then I sure hope it's not against that one brother who owns one house, and pays rents on the other

 

[UpNext]

Yeah at this point the only thing that's gonna get the federal government to actually do its job and regulate the market back to where the average joe has access to affordable homeownership is extreme violence on a large scale. This will probably never happen so the big corps won. Homeownership in big cities is now out of reach if you don't come from generational wealth or aren't a six certs breh with a six certs brehette and yall are making 250k+ household income. There absolutely won't be a crash, the game is rigged to always go up and if there ever is a collapse, these big corps and REITs will just swoop in and buy everything they can since you can always find people to rent and rent will always go up and they got the cash reserves on hand to wait 10 years to get their money back while collecting high rent. 2020 was the last year folks had to get houses in big cities. Game over for everyone else.

 

[Laidbackman]

This use to be a mostly Black problem. I thought I'd never see the day when Greg, Marsha, or the rest of the siblings couldn't get a Brady house on their own

On that note, the Brady house used on the sitcom sold for a lost last week. Although that was my dream house, I'm glad I settled

 

[Orange cream shake]

Let me clarify, they aren’t going to completely stop, they just aren’t at total full capacity and probably never will be because they will run out of buyers and be stuck with built empty houses with nobody qualified (by the banks) to fill them.

your comment must be location specific. where i live there are plenty of well qualified buyers. unless all hell breaks loose. they will run out of lots before buyers. also the builders in my community only have a handful of inventory homes. all the rest are under contract.

i also thought there would be a slow down once the rates went up but we just saw a different buyer. homes are a half a million plus on one side of my street and they are building 700k plus homes down the road with contracts already signed.

 

[BlaccSunrise]

it's just insane that it's this bad
it doesn't even make sense
I'm just supposed to rent forever?

YES.

YOU WILL OWN NOTHING IN THIS COUNTRY AND LIKE IT.

 

[BEN23]

YALL..crazy shyt will crash...if the price of a house doubles....then simply the us dollar wont be worth shyt....

 

[LeVraiPapi]

There will be ebbs and flows in every market.

So over a 5-10 year trajectory housing cost will increase but you think we won’t see a 2% dip and then a 5% increase for example?

Do you think it’s impossible that factors like interest rates and other external variables could cause slight dips?

I font see it.

Trump removed the clauses Obama had put in place to boost homeowner sales by the middle class. Corporations gonna buy homes before they even go on the MLS database. I know plenty of people on the sideline with money waiting to buy.

 

[LeVraiPapi]

YALL..crazy shyt will crash...if the price of a house doubles....then simply the us dollar wont be worth shyt....

People that years ago