The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Will housing prices ever go down?
Poast new message in this thread
Date: May 13th, 2024 9:44 AM Author: Self-centered exciting therapy (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657368) |
Date: May 13th, 2024 9:47 AM Author: swollen bisexual death wish I’m closing on a place this month, so yes, housing prices will drop dramatically in June. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657382) |
 |
Date: May 13th, 2024 10:00 AM Author: alcoholic new version fat ankles lol (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657421) |
|
Date: May 13th, 2024 11:14 AM Author: autistic passionate mexican (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657613) |
|
Date: May 13th, 2024 9:48 AM Author: henna galvanic church no (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657384) |
|
Date: May 13th, 2024 9:59 AM Author: frozen coiffed school cafeteria It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.
Renters, and anybody born in a future generation, will not be able to afford a $15,000,000 starter home in 15 years. They will live in tent cities, and Hondas.
This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent. |
|
Date: May 13th, 2024 11:26 AM Author: Histrionic Gas Station Feces LOL, this brings back memories. What was your Fuckedcompany moniker? (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657625) |
|
Date: May 13th, 2024 4:28 PM Author: frozen coiffed school cafeteria chef-D (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47658575) |
|
Date: May 13th, 2024 6:18 PM Author: Mischievous Excitant Skinny Woman great memories. did you ever read suck.com? (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47658917) |
|
Date: May 13th, 2024 6:37 PM Author: frozen coiffed school cafeteria yes and I also fucked Polly Esther at a VC party. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47658955) |
|
Date: May 13th, 2024 4:49 PM Author: Fantasy-prone step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47658633) |
|
Date: May 13th, 2024 10:00 AM Author: Erotic crotch dragon Honestly, no. Because the value of the us dollar will continue to decrease. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657420) |
|
Date: May 13th, 2024 10:06 AM Author: fear-inspiring brass really tough guy patrolman tcr
also millions of immigrants and nimby construction laws in every desirable city. |
|
Date: May 13th, 2024 10:08 AM Author: Ruby Useless Brakes Ratface The goal of the US government is to have 1 billion people in yh US. We're at 350 million at the moment. What do you think will happen to real estate when there's 1 billion paper Americans and the US dollar loses another 75% of its value? |
|
Date: May 13th, 2024 4:46 PM Author: Erotic crotch dragon Yeah basically this. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47658623) |
|
Date: May 13th, 2024 10:10 AM Author: Hyperventilating Submissive Dilemma Coffee Pot I think so. Demand will decline as population and traditional family structures wane. Who will be around to buy all these shitbox houses from millennials in 30 years? (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657446) |
|
Date: May 13th, 2024 10:10 AM Author: henna galvanic church dumb weird fags (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657448) |
|
Date: May 13th, 2024 10:12 AM Author: Hyperventilating Submissive Dilemma Coffee Pot It's more likely these types will congregate in large city condos instead of the huge mcmansions that are popular with millennials. Tastes and real estate consumption will change as families continue fragmenting and people stay single and childless. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657454) |
|
Date: May 13th, 2024 10:13 AM Author: Ruby Useless Brakes Ratface cr friend. Nobody will want to raise a family away from blacks in the future. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657458) |
|
Date: May 13th, 2024 10:18 AM Author: Hyperventilating Submissive Dilemma Coffee Pot "Raising families" will be a quaint notion in 30 years. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657467) |
|
Date: May 13th, 2024 4:46 PM Author: thriller senate sex offender *banned in 30 years (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47658620) |
|
Date: May 13th, 2024 10:15 AM Author: marvelous apoplectic orchestra pit turdskin it's all supply and demand. prices continue to rise in population centers because nimby libs refuse to build more houses. until that stops prices will continue to rise in perpetuity. there might be a significant decline or stagnation when boomers die. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657461) |
|
Date: May 13th, 2024 10:16 AM Author: Glittery base The plummeting TFR rate, more construction and rezoning for higher density, and the dwindling savings of many Americans says yes.
What says no is:
The plummeting marriage rate means more housing necessary because two people who would have been a couple in previous generations and live in the same place now require two housing units
America is open to large scale immigration
Inflation may be permanent as long as gov uses the money printer to avoid recession. I expect this to increase to inflate away debt as well.
|
|
Date: May 13th, 2024 10:17 AM Author: ultramarine windowlicker what would even plausibly cause this? in other words, imagine a cnn article lede: "housing prices dropped for the third straight month today as _______"
what is in the _____ |
|
Date: May 13th, 2024 10:20 AM Author: Hyperventilating Submissive Dilemma Coffee Pot sellers in previously high demand cities search for buyers. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657471) |
|
Date: May 13th, 2024 10:21 AM Author: ultramarine windowlicker why are they searching for buyers? why are they giving up what they've convinced themselves is their "equity" and to move to where? (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657476) |
|
Date: May 13th, 2024 10:50 AM Author: swashbuckling house honestly your best bet is probably boomers dying and their millennial kids who live 763 miles away fire-selling the house. but yeah i dont get where people are supposed to move to now either. that stuff mustve leveled out during/pre covid. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657537) |
|
Date: May 13th, 2024 2:07 PM Author: maniacal grizzly ticket booth main people As 30 million baby boomers passed away this year, following 30 million last year.
|
|
Date: May 13th, 2024 2:08 PM Author: ultramarine windowlicker Meanwhile 5 million guatamalems get waived in to home base every month with Biden cutting off every throw to the plate (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47658049) |
|
Date: May 13th, 2024 2:10 PM Author: maniacal grizzly ticket booth main people this is a threat. the other reality is that funds and banks buy all the boomerhomes, not 32 year olds.
|
|
Date: May 13th, 2024 4:51 PM Author: Fantasy-prone step-uncle's house the second great depression continues (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47658640) |
|
Date: May 13th, 2024 10:26 AM Author: Costumed filthpig Look at California.
Temporary drops, sure. Long run, no. All reasons given on here.
Areas with strong schools will always perform well. |
|
Date: May 13th, 2024 10:38 AM Author: marvelous apoplectic orchestra pit turdskin (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657500) |
|
Date: May 13th, 2024 10:39 AM Author: henna galvanic church lol (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657502) |
|
Date: May 13th, 2024 1:12 PM Author: autistic passionate mexican (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657896) |
|
Date: May 13th, 2024 10:27 AM Author: 180 church building Yes (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657488) |
|
Date: May 13th, 2024 10:30 AM Author: Effete Indian Lodge Gaping The only thing that matters in real estate is location. Yes home prices will fall in Philadelphia. No they won’t in Marin County. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657492) |
|
Date: May 13th, 2024 10:39 AM Author: Costumed filthpig Intriguing re Marin. Marin prices have fallen relative to other areas in the Bay region. Perhaps fallen is the wrong word but they were substantially out-appreciated by the Peninsula so areas on the Peninsula that were cheaper than Marin in the 1980s are now more expensive. Substantially. Etc. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657503) |
|
Date: May 15th, 2024 2:20 AM Author: Pale buck-toothed stag film jew The other factor right now is how irrational and frothy the market got when the rates were super low. Eg Austin sfh prices have collapsed like 30+% but in LA where people were mostly leaving/selling during the pandemic the prices are basically flat or only slightly down. The real question today is how many would be buyers are sitting on the sidelines either because they are priced out by these mortgage rates or they are able to wait for rates to drop and for more inventory. It’s hard to say for sure but it does seem like there are a ton of people who will get in once the rates drop. Like everyone I know ages 27-35 or so is angry as fuck that they can’t afford to buy a house and/or can’t find a house worth buying. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47662605) |
|
Date: May 13th, 2024 10:51 AM Author: sooty gunner once all the boomers are dead then probably (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657539) |
|
Date: May 13th, 2024 11:41 AM Author: Dull territorial plaza im gay (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657637) |
|
Date: May 13th, 2024 1:12 PM Author: Disturbing Headpube Absolutely, yes. Housing goes up, housing goes down. As certain as death and taxes. |
|
Date: May 13th, 2024 2:13 PM Author: Ruby Useless Brakes Ratface as certain as you losing money on real estate (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47658069) |
|
Date: May 13th, 2024 4:25 PM Author: disgusting stirring location haunted graveyard It doesn't go down though (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47658565) |
|
Date: May 13th, 2024 2:11 PM Author: Unholy electric furnace No, never. Housing prices can only go up, because population always increases faster than housing stock (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47658063) |
|
Date: May 13th, 2024 4:45 PM Author: Buff internet-worthy box office scourge upon the earth (Chinaman) (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47658618) |
|
Date: May 13th, 2024 6:59 PM Author: Gay Hot Abode print fake money and give it to insiders & oligopolists, so they can use it to buy up all the real things, and then rent them back to the rest of us (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47659026) |
|
Date: May 13th, 2024 11:25 PM Author: Stimulating lavender philosopher-king kitchen Another factor to consider is we're quickly approaching a time where the elderly are rich as fuck and don't have that many kids. There are going to be A LOT of people inheriting $500,000 to $5 million in the coming years.
Supply is going to stay low because so many people are locked into their interest rates and won't sell.
So if you're bidding on houses, there's a decent chance there's going to be another bidder whose boomer parents just died and left them $750,000 in cash (because they were a nurse but they bought a house in California for $20,000 and they invested in a 401k that had 10% gains for 40+ years). |
|
Date: May 14th, 2024 8:41 AM Author: At-the-ready Charcoal Persian Forum lol this is at least a novel variant of XO net worth flame. Among olds, 5 million is about the 95% percentile of househeld wealth and even just half a million is around 65%. Relatively few people will leave their entire estate to one person-- either there's multiple kids or they'll cut in some charities/friends, etc. There might be some people inheriting $500,000 to $5 million in the coming years, but "A LOT" is really stretching it. (http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47659971) |
|
Date: May 14th, 2024 10:38 PM Author: Stimulating lavender philosopher-king kitchen I think your own logic sort of defeats this.
By your own account, about half of boomers have $500,000 right now. Factor in that half of the country are poormos who are not in the real estate market at all.
If you're in the middle class, there's a good chance a decent chunk of money is coming your way. If you're in the upper middle class, there's a good chance a sizeable amount of money is coming your ways.
Who do you think you're competing with when you're trying to a buy a house? |