Aint no one predicting this with certainty. Why? Predicting economic cycles requires consistency and "resets". With the tremendous stimulus money, and policies and actions that redistribute wealth and arbitrary control the economy etc, it's now introduced chaos that will create vast unpredictability. srs We won't know where this goes until it all comes crashing down one way or another. One thing is for sure, it will be very bad. Chaos, evil created by man, always has a bad outcome, or a great cost.

To whom?

Have Goldman Sachs create some credit default swaps for you then pussy?

This. The bubble isn't gonna pop, it's gonna float away into the sky.

/thread

The "this time is different" argument is typically the sign of a bubble. srs. Of course it is different, but that doesn't mean other causes cannot spark another one.

Values could double, triple, quadruple, or they could tank down 90%. Nobody knows.

The housing economy caused the crash of the economy last time. I think the opposite will happen next time.

It's not that people will want to sell, it's that they'll HAVE to sell.

The average American, especially those who have been buying in the last 2 years, are absolutely stretched.

If we see any kind of significant unemployment, houses will go up for sale. Not because people want to sell, or they're trying to cash out, but because they lost their job and can't afford their payments.

If you want a good look into the future, just look at Japan. Japan has experimented with quantitative easing since the early 2000s. It has not fixed their issues. It has caused similar issues to the issues we have here. A staggering split between the ultra wealthy and everyone else, insanely inflated asset prices, etc, etc. Their economy has been tired and has been following this odd sine wave with a reducing amplitude. That fake stimulation will eventually break.

The US is following in Japan's footsteps. We have too much reliance on our central banks and their experiments. The growth of prices has not, and will continue to not be organic. Look back at history and look at what happens when you attempt to continuously stimulate and grow an economy in inorganic ways.

TLDR; Don't fuk with the invisible hand. You do that long enough and it's going to slap you in the fukking face.

Take all your savings and invest in Rope futures. When the housing market goes belly up, you'll become richer than Jeff Bezos

Housing market crashes when dollar crashes..real soon.

I sure hope so if theres no crash we are gonna have a homeless epidemic SRS.

So many young people are moving in w their parents cuse they can no longer afford rent because as housing prices increase rent increases as well. House prices have increased $100-150k in ONE year in my area.

The dollar crashes the day the world ends.

So some poor rentcel on youtube is telling you not to buy huh?

Seems legit

Plenty of areas? How many have gone up 150k? What % increase is that? Can you list them?

Boise area went from $350k median home price pre-Rona to $540k now. Rents are up 38% yoy.

Have they? Source?Can you show a source for average or median housing cost going up 150k from September of last year?

Seems high to me. It isn't that high in Phoenix and our market is skyrocketing

Begging the source is a total Reddit move, but I'll oblige.

https://www.google.com/amp/s/www.ktv...4-b0f25712a60a

https://www.google.com/amp/s/boisede...t-march/%3famp

I've been saying this for ages on here, but i'm saying though which is different to other clowns is its the sunbelt states that are the problem.

As soon as every uber driver you meet is studying for his real estate licence then the bubble is on. You plebs don't remember 2008

I think the end of rent and mortgage forbearance will start to bring prices down. We could end up with significant downward pressure on prices if folks think they're gonna miss the boat at being able to sell at all time highs and everyone bring their property to the market at once.

I watch a couple of markets pretty closely since I'd like to buy something in the spring and I'm definitely seeing prices starting to drop a bit and houses staying on the market longer than they were 3 months ago.

But even if we see say a 10% drop, housing cost will still be way higher than they were a year or two ago. The economy will have to crash to really bring the market down I think since it's clear the Fed is addicted to cheap money.

Apparently this time it’s different since most people are paying cash for these mostly, old dumpy homes, albeit in good locations, instead of getting loans.

All I see is prices going up up up

We saw an 8% drop on avg for the US from July to August.....

I thought there were some smart people on the misc, willing to analyze numbers and conclude without appealing to emotions, yet here we are.