People in here saying interest rates will never go down are delusional, if they don’t go down there will be a complete collapse. It’s just the matter of what event will trigger the fed to pivot.
When will these housing prices go down?
- Thread starter chuckifubuck
- Start date
If you’re already priced out might as well complain, I highly suspect most people in houses that just bought recently are either rich or are hanging on by a thread and will for close in the near future.People been saying this shyt for years. Keep waiting for a collapse and get priced out brehs
Dipsey Doo
Superstar
Interest rates were around 15-18 percent in the late 70s to mid 80s for perspective
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?
Don’t pay attention to the price bro pay attention to the interest… that’s what needs to come down.. The interest
Also, one question I have
America is on a birthrate decline, if house prices never come down and only go up, isn’t there going to be a point within this century that the buyers will get tapped out dry? Cause if future generations can’t afford houses en mass then they won’t bother starting families which will be like a domino effect going forward.
Idk, I feel like a lot of guys are in here talking like it’s perfectly fine housing is unaffordable, almost like some of y’all think that’s how it should be. Sound like some agents up in here.
America is on a birthrate decline, if house prices never come down and only go up, isn’t there going to be a point within this century that the buyers will get tapped out dry? Cause if future generations can’t afford houses en mass then they won’t bother starting families which will be like a domino effect going forward.
Idk, I feel like a lot of guys are in here talking like it’s perfectly fine housing is unaffordable, almost like some of y’all think that’s how it should be. Sound like some agents up in here.
bigsausagepizzapapi
Rookie
Problem is everyone wants to live in the same places. Plenty of affordable places in undesirable areas. Brooklyn used to be one of those places. Gotta start from somewhere. The government should be trying to build up "desirable" places everywhere, replicate the public transit and dense housing of NYC, problem is zoning in a lot of America is strictly SFH, which is highly inefficient and causes cost of housing to rise fast.
Ozymandeas
Veteran
It's never going down because
A. They allow foreign investors to purchase property in the U.S. despite not being citizens and despite most of them rarely living in the property.
B. They allow U.S. businesses to purchase thousands upon thousands of houses to rent out.
Because of this, it's never happening breh.
A. They allow foreign investors to purchase property in the U.S. despite not being citizens and despite most of them rarely living in the property.
B. They allow U.S. businesses to purchase thousands upon thousands of houses to rent out.
Because of this, it's never happening breh.
Elim Garak
Veteran
Not happening imo.
Schadenfreude
All Star
Depending on where the house is and where you live, it's entirely possible. There's a bunch of houses in Cleveland and Detroit that are that amount and less than that.
Okay but houses were double your salary at most
A good home nowadays will be minimum 6-7 times your salary with shyt rates
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Birthrate decline and population growth are two different things. America of course is big on immigration and that fills in the birthrate issue. Housing is affordable for the 65-75% of the housing population that have interest rates at around 4% or less. One thing people forget in regards to future generations is the inheritance the Gen Z/ young Millennials will see from the Baby Boomers which will keep prices higher. Breh I know you want to be hopeful and see 2008/2009 again or just more affordable housing but the dynamics aren't the same right now. Builders are building but not fast enough and they aren't really focused on building affordable house, the money is in luxury/upscale housing and apartments. Brehs aren't agents, just speaking on what's happening.
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Jean Jacket
NOPE
When your moms stops going down.
Never.
Never.
A lot of these cats are a bit older and brought their crib already or inherit. So they don't give a fukk
But yeah houses are being sold to rich foreign investors and asset management firms like black rock so I don't see buyers going "dry"
Also America don't give a fukk about birthrate. They want the rich/elites and cheap immigrant labor as a replacement. Hiring Americans is expensive.
the bossman
Superstar
nikkas been saying housing market about to crash every month since covid started. legit almost 4 years later still on repeatColi renter brigade has posted bozos like that for years. “Oh just wait” and shyt isn’t close to budging
Pretty much buying up homes why telling their viewers not to buy due to a forthcoming crash
