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Forum ยป House Prices to Drop 30-50% next year.
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Thread: House Prices to Drop 30-50% next year.

post 1689224813 08-30-2023, 01:33 PM
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#331
  1. NealRiggers
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  1. NealRiggers
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Originally Posted By saltypits⏩
And? Will it lower home prices?
it will not, there's a massive supply shortage, every year the goal post moves to next 2 to 3 years, come back in 2026 and you'll hear more of the same bs from opie and his ilk as they get closer to living in a van down by the river.
post 1689225283 08-30-2023, 01:37 PM
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#332
  1. WoofieNugget
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Originally Posted By NealRiggers⏩
it will not, there's a massive supply shortage, every year the goal post moves to next 2 to 3 years, come back in 2026 and you'll hear more of the same bs from opie and his ilk as they get closer to living in a van down by the river.
Anything that goes up is snapped up quickly and turned into ten person rooming houses for our Indian immigrants.
post 1689225603 08-30-2023, 01:42 PM
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#333
  1. akmerle
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  1. akmerle
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Originally Posted By OliverHeldens⏩
I've seen 30% on some houses $1M+. Obviously these drops aren't as pronounced at the bottom end. but that's because Starter Homes are a different market.

But for people who have the ability to pick and choose(wealthy people), they're paying 30% less for properties now than in 21-22.
And where is this fictional place?

Wife is an agent, best friend took over the 40+ year highly successful family home building business, brother and BIL are both successful builders for nearly 20 years, tons of friends in the industry, and I myself dabble a bit more on the property development / investment side.

Industry wide, across all markets and demographics, everything is up. Especially since 21. Nothing is 30% less than a year ago, and especially not less than 2 years ago unless it was some wild outlier that was egregiously overpriced and they put some BS "just reduced" stamp on it to bring it back to reality.
post 1691646013 10-14-2023, 01:43 AM
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#334
  1. r32gojirra
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Originally Posted By OliverHeldens⏩
Considering that rates will stay high for another 6 months at least, we'll get there.
Lmao
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