When will these housing prices go down?

[chuckifubuck]

I'm tired of all these articles and tiktoks from 'smart' people predicting a damn collapse.

One dude was like "shyt will go south by march"

I'm here in july and houses are still fukking expensive and interest rates are 8%

Somethings got to give. How many people can even buy a house nowadays?

 

[The_Sheff]

shyt ain’t coming down unless the entire economy collapses and people need to sell to live.

Builders aren’t building single family starter homes because their isn’t much profit in it. Companies are buying up stock and turning them into rentals. Chinese are buying homes as investments.

One more fukked up thing is happening. People from high salary states who can work remotely are moving to lower income states and driving up the prices in the local market. My friend is in real estate here in Atlanta and he said folks from Cali and the northeast are flocking to Atlanta and surprisingly Orlando and inflating everything. 800k townhomes selling like it’s nothing. That’s wild!

 

[Sir Richard Spirit]

Republicans about to get their tax cuts and democrats are about to get the extended child tax credit back.

After that there will be a “crisis” . Then we get another stimulus along with presidential
candidates offering to lower interest rates and boost help for first time home buyers.

Biden will most likely reschedule marijuana at the start of 24 then tour the spring/summer touting his accomplishments, spending on his base, and offering up more spending to more voters. I say between June 24 - June 25 America gone boom.


Interest rates can’t keep going up. So it’s just a matter of what crisis will bring them down?

 

[Ohene]

Not happening

The govt will always bail out the ppl who made dumb decisions and bought homes they can’t afford

Covid was supposed to be the reset
Govt stepped in with its stimulus and mortgage deferrals and created hyperinflation

Dumbasses

 

[⠀⠀⠀]

Nah, i dont want the value of my home to go down

 

[King Poetic]

I say 2025

 

[MikelArteta]

Not happening

The govt will always bail out the ppl who made dumb decisions and bought homes they can’t afford

Covid was supposed to be the reset
Govt stepped in with its stimulus and mortgage deferrals and created hyperinflation

Dumbasses

yup
its the new london unless you're a millionaire you'll just be on that rent life till you die or if your parents die before you and leave you the home

 

[Xcenai]

when hell freezes over

 

[vino]

Don’t wait to buy, they’re not going down. Also, if rates were to go down then purchase price would go up (because more people would look to buy). The rates is what stopped bidding wars and people putting their house on the market for ridiculous price points. Get the house now, refi when the market dip.

 

[Traveler]

Honestly if you can afford to buy now do it. prices won't get lower. Once interest rates drop prices will explode. Best to buy now and suck it up for a couple years than wait for lower interest rates and pay 400k+ more

 

[Mowgli]

Like gas prices they gonna keep it high and then make you feel happy about 5 percent interest

 

[Sir Richard Spirit]

yup
its the new london unless you're a millionaire you'll just be on that rent life till you die or if your parents die before you and leave you the home

Why when you can buy a house with $10,000? What you saying doesn’t even make sense.

 

[Sad Bunny]

People been saying this shyt for years. Keep waiting for a collapse and get priced out brehs

 

[How Sway?]

Right now, people who locked in to their low interest rate mortgages aren't willing to sell like that, even if they'll make a hell of a profit. At least not as much as they were doing like a couple years ago.

The answer is to either have everyone lose their job, build more homes farther away from city centers, or to move to iowa

 

[LowkeyD]

Once municipalities begin to ratchet down on short term rentals we will definitely begin to see price corrections.