When is the housing market gonna chill out

[1thouwow]

You still have the VA loan in your pocket, no?

I ain’t worried about the va loan. I already got two cribs. I just don’t wanna pay top dollar for a San Diego home if the market gonna crash soon

 

[Captain Crunch]

I don't understand how supposedly all these people are unemployed, not many people are getting raises like that but the prices of houses are going through the roof and people somehow have money to pay for it. How are so many people affording houses that are 400k to a million plus?

Blackrock and foreign money are the main components

 

[JDZZO2.0]

Not caping for Newsom but haven't these issues been in California before he was even governor?

Housing prices continued to sky rocket under him, and yes wildfires have been around always, but not at the level they are happening now. The past few years these wildfires have doubled, tripled in locations where fires don't usually breakout the way they have. Damn near entire cities were burned to the ground.

 

[1thouwow]

Hopefully soon

 

[WesCrook]

I conducted a search the other day......and there is absolutely nothing out there.

Slim pickings is an overstatement.

 

[Spence]

I conducted a search the other day......and there is absolutely nothing out there.

Slim pickings is an overstatement.

Could there be a withholding of inventory by corporate owned housing colluding to drip feed the market and keep prices artificially inflated?

 

[Womb Raider]

 

[Spence]

I wonder how much those houses are worth today

 

[UncleTomFord15]

Homes are down about 10% roughly from last year. He'll 25% in some places right now.

 

[Lord_nikon]

These cock sucking institutional investors still got all the nice looking homes ready for rent and on lock for 1600-3000 in my area

Waiting for something to break than im going buy,, already pre approved

 

[Spence]

Homes are down about 10% roughly from last year. He'll 25% in some places right now.

Yeah prices are down but the cost to take out a loan have skyrocketed to where nothing is affordable