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Forum » US home prices just hit a record high. Americans are still buying
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Thread: US home prices just hit a record high. Americans are still buying

post 1704318511 07-29-2024, 05:42 PM
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#61
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Originally Posted By heiltrump2024⏩
there won't be any incentive for people to buy at those levels if their intent is to rent them outbecause the rents will need to be so highfor them to break even on cashflow. who would be able to afford renting and paying that much?
Keep going, you’re sooooooo close…
post 1704414261 07-31-2024, 06:25 PM
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#62
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Originally Posted By nutsy54⏩
I said no such thing, neither did OP

Where are these conveniently cherry-picked markets,which have nothing to do with this thread, that saw a400%price increase... when the national average since 2021 is12%?
https://fred.stlouisfed.org/series/MSPUS
Then what do you actually mean then when you sarcastically post that about prices going up like they did with your eye rolling emoji?

Per your chart Q2 2020 to Q4 2022 there's a 40% increase nationwide over a little over 2 years. You don't think that's crazy?:
Originally Posted By nutsy54⏩
Breaking news! Prices for things go up!
Here's a house I rented on airbnb earlier this year:



270% value increase from just 2019. Almost 500% increase from 2014. This house was not renovated in any meaningful way, it was built in the 1960s. Cheaply built little box in an area full of identical houses.
Originally Posted By nutsy54⏩
Where are these conveniently cherry-picked markets
When you're someone young from that market, or want to live in that market, there's nothing convenient about it. Even if you already owned before the price surge, insurance rates quadrupled, and taxes soared. You're downplaying all of this and I don't understand why? What point are you even trying to make when you write: "Breaking news! Prices for things go up!" ?
post 1704415231 07-31-2024, 06:42 PM
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#63
  1. Sal29
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How does OP explain the fact that Existing Home inventory is currently at 4.1 months and SKYROCKETING which is THE HIGHEST SINCE COVID Started and that New Home Inventory is at SKY HIGH LEVELS nearing double digit months supply?

The ONLY explanation is that people are buying homes at a RECORD LOW PACE or NEAR RECORD LOW PACE.




post 1704415331 07-31-2024, 06:45 PM
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#64
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Originally Posted By Sal29⏩
How does OP explain the fact that Existing Home inventory is currently at 4.1 months and SKYROCKETING which is THE HIGHEST SINCE COVID Started?

The ONLY explanation is that people are buying homes at a RECORD LOW PACE or NEAR RECORD LOW PACE.

Must suck to be stuck on the sidelines permanently.
post 1704415531 07-31-2024, 06:52 PM
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#65
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Originally Posted By headturner1⏩
Must suck to be stuck on the sidelines permanently.
LMFAO at your Strawman argument. You can't argue against with myFACTSso you build a straw man and attack that instead.
post 1704416231 07-31-2024, 07:10 PM
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#66
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Originally Posted By dingler⏩
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