POLL: WHEN will the REAL ESTATE MARKET CRASH?

When interest rates go up....

Last Edited by Clarence Worley on 04/02/2021 03:04 AM

Hopefully not until after my hunting property sells. When I refinanced last fall it was assessed at twice what I bought it for 8 years ago. Sure would like to liquidate that asset so I can pay off my house.

How bout when the stop letting people put off their mortgage payments due to the plandemic? Would there be massive foreclosure like 2008?

Sooner the better.

So you have it listed and are getting no offers??

As the mortgage defaults rise from the covid19 jobless, this will trigger another crash in derivatives.

Then like 2007, that causes a crash in credit market and all the rest of the dominoes fall sometime next year.

When would you sell a house for maximum sale price?

I'd say this fall.

The sharp (and unsustainable) rise we're seeing in real-estate now is the last sign of a coming crash.

The wild card is how much will the Fed throw at. They are spending like there is an infinite supply of money.

Hmmmmm I was estimating the best time to sell is right now, but who knows. Seems spring is the high point of the year, with a drop in summer. But these are strange times.

Check with Russ, he's the expert on calendars...My guess is Octember...

when the deep state stops cloning people....they are coming from somewhere and none of them can tell you about their childhood

It depends on where you live but generally Spring or Fall. Spring because families want to move in time to get settled before the new school year. Fall because people want to get settled before the holidays.

I’m a Realtor in Florida and it’s so hard for buyers right now. People are offering WAY over list price.

Imagine what will happen when the eviction moratorium is lifted. If you’re thinking of selling, do it now. I picked January-June for the crash assuming the moratorium is lifted in September but with the way things are going in the world, I wouldn’t take my chances and wait to see if prices continue to rise over the summer.

I would like to purchase 5 new Jerusalems, please!

:COMMIEOPOLY:

Do you think the buyers will be offering WAY over asking price in this fall, also?

Seattle is nuts right now, too. Sellers are getting 20 bids per property sold.

Last Edited by Butch DeFeo on 04/02/2021 05:22 AM

How can a person not remember their childhood, unless ya know, they suffer a head injury??

ha-ha-ha I kinda miss that nut (NJR) he was nothing if not sincere... thanks for reminding me about him Brief!

I wish I had the answer. Who knows what could happen by the Fall. It could keep going until they remove the eviction moratorium and then comes the crash, within a few months or so. I just don’t know if anything else will happen before then to impact things.....under this regime, it’s scary!!

I can’t even find rentals for people right now.

Not any time soon, unless you have a massive correction in inventory from those receiving a forebarence on their mortgage. Supply is way down. Seniors aren’t moving, people invested into their homes in 2020, new build has never been pricier, and the supply of buyers isn’t going away. None of this will be immediately corrected, and that’s just the surface bullet points,

It is probably better to look at market segments. Commercial real estate and income property is all ready in a down spiral.

Housing is up because people with $$ are moving out of the big cities. Additionally, lumber and other shortages are restricting new build.

Overall, housing will fall in the fall.

Can it crash while theres such a big demand for it?

Probably when "The Big One" hits CA and/or the West Coast.

Of course all the illegal immigrants are going to need housing... so that is a factor....

The other thing to consider is an article I read a few months ago stating that because of the age of so many residents in places like sun city in Arizona... a full third of the homes there will be on the market in the next 15 years....
Possibly leading to a big surplus of houses for sale...

Can’t tell you when, but this I thought was interesting.

Friend of mine applied for housing assistance as he rents. Says they send the landlord the money.

So the landlord gets paid by the government for the mortgage.

So technically there’s likely not that many defaults and even if they remove the gov money, I still don’t think there will be that many. My life is back to normal-ish, most people I think are back to working....

I think the default is going to come on the US. We have over 170 billion in unfunded liabilities...

I don’t even know who comes to collect on something like that... lol

Point is, I don’t really see that big of default once the cdc removes the rent assistance...

I would however recommend that if you’re in a liberal city, you sell NOW, as the scene looks to be like an exodus from liberal cities to conservative rural areas....

If you were in rural FL OR TX, I’d say hold off a bit.

Idk just half asleep typing lol

Hold out for NESARA. :]

What will happen then?

I wonder if Seattle will still remain strong with high priced real estate mainly because of all the super powerful
corporations (plenty of rich people in the area).