Values are slowly declining, but for 99% of people who require a mortgage, overall cost of ownership has continued to increase

The only thing that will lower home prices is demand destruction, but the demographics of the millennial generation aren’t going to allow it (no matter how soy ccucked and childless they are)

MORE IMPORTANTLY the cat is out of the bag on inflation. Every institution is incompetent and/or corrupt and the US empire cannot sustain itself without printing now trillions of dollars every year, a trend that is accelerating at an exponential rate

If you’re not anchoring your portfolio in a scarce real asset I have bad news boyo

You will own nothing and be happy

it has nothing to do with millions of illegals needing housing and all down to millennials. you pseudo intellectuals need to do more research then reading a headline from CNN

It's a quagmire. Between price and mortgage increases if I tried to buy my house today the mortgage would be 3x higher than when we moved in 4 yrs ago. With no kids we could still swing that difference, but with 3 kids ($35-40K a year on daycare and camps, let alone other child expenses) we couldn't make up that difference now.

There's no demand, but there's also no supply of existing houses for sale because sellers don't want to move and take on a 7-8% mortgage when they have a 3% rate where they are. Golden handcuffs as they say. A lot of people thought we'd have a crash but the high mortgage rates are keeping would-be sellers off the market since they will be buyers too. Absent a moderate to bad recession I'd now bet on average prices will simply go down 1-3% for several years in a row. So affordability will get a little better, but it will take years.

Besides recession a possible source of price decreases is Airbnb/VRBO homes. The owners made good money in the past but there are so many nowadays that a schit ton of them are losing money every month. Some of the owners will sell, adding to supply, but more than likely most of them will become long-term rentals. Hopefully the big money financial groups don't swoop up and buy most of them or nobody wins except them.

Didn’t realize my post was supposed to list every contributing factor to inflation, sorry Faaggot

That said you’re wrong. Illegals aren’t buying houses, they can’t afford them. Legal immigration by MILLENIALS however is a huge contributor

Sure it will improve with War with China/Russia

as soon as rates flatten for good or if they happen to dip down to 5's, prices will jump again


newsflash: prices go up over time

Nah. A lot of the mania was FOMO driven which has died and won't revive with flat rates. Most expected prices would drop with 7-8% rates but they haven't because so many sellers itching to sell have been on the sidelines the last year. If rates drop below 6% next year a lot of those will try selling. It's impossible to know now whether that will lead to prices increasing or decreasing, whether demand or supply will lead.

Over half of buyers in 2021 to early 2022 wouldn't qualify for the homes they bought by now, and it's not just because of rates. It's prices too. I also believe the student loans coming back now are going to put a squeeze on millennials, which will have several affects across the economy, including housing. Absent a recession, these and other factors are why I think we'll see a slow slog down in prices at the national level. Not much to worry about especially if you bought pre-pandemic.

Tf does this even mean? What's a scarce real asset? Don't say gold.

Rates will go down eventually and the communist govnt will start the federal funding of multi-family homes (aka apartments) and zoning changes in the suburbs.

That will bring down housing prices, when Shaniqua and Juanito move in across your white picket fence (subsidized by the fed govnt of course)

You crazy.

Anyone who believe rates will go down and things will get better are completely clueless about stuff like agenda 2030. They want you to be broke and dependent on them. You will own nothing and be happy.

millennials are not even the majority buyers in 2023. baby boomers are. so once again youre wrong.

https://www.nar.realtor/newsroom/bab...Realtors%C2%AE.

get a brain at some point pls.

7 months of data you think is reversing a 9 year trend lol Says the guy who literally just said illegals are buying all the houses

Manlets, when will they learn 😂

It’s coming down. You’ll see it big time in another 6 months when tax foreclosures begin and rates are still 8%.

imagine not buying a shack at the bottom

Whether they're 29% or 39% of homebuyers it's rather Bizzarro world when people who will be dead in 15 days to 15 years are such a large chunk of homebuyers. Millennials and Gen Z must be hoping a real pandemic that kills old people hits, instead of the C squad team Covid.

so where do you think illegals are living? theyre not exactly homeless. supply & demand dummy. im 5'11 not exactly a manlet & it has nothing to do with this convo regardless.

It'll go down once "investing" and scumlording becomes unprofitable, e.g. when every air bnb has homeless squatting in it.

Illegal Immigrants Are Contributing To Public Housing Shortage

https://townhall.com/columnists/bets...rtage-n2546689

WEF going in dry.

It's weird right now - the mcmansions are sitting and seeing price drops but the low end keeps going up

If you can’t afford a house in the us at these prices you’re either stupid or lazy. Canadians, nz’ers, and aussies are dealing with legit crises while Americans bitch about 350-450k homes.

Why so misanthropic

Americuck wages are much lower though especially minimum wages

I admit Australians have it much worse in terms of wage:house price ratio but the fact that it’s worse elsewhere is not really a compelling argument

Also social security and rental laws make it less ****ty to be a rentard here

If you can't afford a house right now you need to buy land.

Imagine owning only one property that you live in

And thinking you’re not an absolute cuckhold powerbottom

that’s what’s supposed to happen in a normal society with high trust and good cohesion.

This is America ph@gg0t, I’ll curbstump you and your dog if it means a modest increase in my net worth.