POLL: WILL REAL ESTATE KEEP INCREASING IN PRICE, OR LOWER IN PRICE OVER The NEXT 12 MONTH?

Potatoe!

Keep increasing i bet. Everyone will expect a crash but that crash will never happen. Real estate to the moon!

That is what I smell, also.
The new season of COVID lockdown (DELTA VARIANT) will create an even more intense value for real estate, BUT will not last forever.....But I bet it goes for at least a year....

Don't let my opinion sway your vote in this poll.

:GRATEPOST:

Last Edited by Butch DeFeo on 06/25/2021 06:38 PM

Lower. The crash will manifest before then. It'll be the pop of all bubbles. DYODD of course.

He's a chart of the DOW, converted to easy mode for everyone to read.

[imgur] [link to imgur.com (secure)]

IF

the vax die off occurs and thats IF

then it should go down

Hyper inflation inc.

I feel that is the correct answer. It can't crash as long as there are buyers - just like the stock market. But when the music stops, there won't be enough chairs for everyone.

FACTORS:

1. Evictions not being allowed during COVID.
2. Mortgage forbearance during COVID
3. Low real estate INVENTORY
4. Black Rock and other super investors buying up houses at high prices
5. Chinese investors buying real estate
6. Huge number of millenials buying their first home
7. People working from home during COVID

ADD SOME FACTORS TO THIS LIST THAT YOU ARE AWARE OF

I believe it will lower in the next 12 months. People are in a current feeding frenzy. The news is saying house values are going to skyrocket, get it now!! Real estate agents tell their clients to bid 20-40% over asking, decline the inspections. I know 4 normal couples who have stopped looking for a home meanwhile Wall Street is buying any house they can. I think the crash will be spectacular and we will see that once again bad real estate loan we’re written

Blackrock is spending 6 Billion on single family homes to
rent out, 6 Billion with 0% interest from the Fed, the game
is rigged!!

Yeah the only possibility I see for a crash, is if the COVID shots kill a LOT of people over this flu season. And that is possible obviously.

How did they get approved to use all that money?

:TISSUEANUS:

And that would mean real estate prices keep going up???

BABYLON

Interesting! I thought GLP would trend more towards believing in a big crash! Results are not what I thought they would be!

It won’t go down, even after the vaxxed die off. Why? They told us their plans “You will own nothing and be happy about it”

They don’t intend on anyone except the elite class to own property anymore. That’s why pension funds and swamp companies like blackrock are buying every property they can get.

The idea is we will all be renting from them.

Location location location

Areas with cancerous leadership will suffer.

> Inflate housing prices
> Everyone and their Gramma decide paper is more valuable than shelter and put homes up for sale
> DS Investors buy up everything, happy to overpay and outbid for everything
> Sellers can't afford to buy back into market they just sold into, and are forced to rent or move out of town
> Dollar is inflated...
> Homes, if they are even available to purchase at this point, are now priced so far out of reach that everyone is forced to rent
> The end of home ownership

Interesting Paul here. One other possible scenario option you left out is that the overall US real estate market pricing remains relatively flat. Does not go up or down much from today’s prices. I’m a realtor of 25 years in a mountain resort market in Colorado. Right at the moment today, seems like the market may be cooling off and slowing down slightly. A lot of buyers I talk to are concerned about rising prices and intense demand for a few housing units. Some buyers do not want to enter multiple offer bidding situation. So some buyers are holding off if they don’t need to buy today. There is also an argument between the price of a home and the value of a property. Is a property worth a certain amount of value that exceeds its price or the other way around? Lumber prices are starting to come back down to earth, which will increase new construction units coming online within the next 6 to 12 months, and that can reduce prices. But my crystal ball broke along time ago, and I’ve given up predicting vocally where I think the direction of the market will be in such and such a time in the future. There are too many possible crazy scenarios, just look at Covid. That had a short term effect immediately where they shut us down and we were not allowed to even show properties for three months. Then right after that the pent-up demand was crazy and the market took off like a rocket. Anyway that’s just some of my thoughts for today. Time will tell. If the elite get their way, and there is either another virus pandemic or the vaccine kills a bunch of people, then there will be less people, and less demand for the same homes, therefore the prices could go down, this is all speculation though.

Man, what I would give for a crystal ball. Thinking about selling a house but not sure if I should wait for prices to go higher or sell it now.

Here is what I have heard, sources are local realtors whom are friends. My sources have told me, prices keep increasing because, even here in the Midwest, KS and Ok. People are coming here with cash offers. Here is what is driving prices up, competitive buyers with cash, and most recently, shortage of inventory. That is right folks, inventory is drying up, so when a new seller goes live, they are going high. I am getting ready to sell a flip. Let us see what happens. This flip will be 1 mile north of Winfield KS. On US 77. This house we are currently renovating, just for the sole purpose of the sell. 3 bd/ 2 bath, detached 2 car garage. all on a very private 2 acres. water well on property. House is hooked up to rural water. Septic on property just pumped and inspected/passed. Brand new Hot water tank, new furnace and air handler, complete new kitchen. House is freshly painted in/out. New flooring in family room with fireplace. New Flooring in kitchen and laundry room. House will list for $215,000 The house is 35 min drive to Wichita KS, it is also 12 min drive to Winfield lake. 1 min drive into town of Winfield. Years ago Time magazine listed Winfield number 1 place in America to raise a family. This town allowed it's first liquor store like 20 years ago plus or minus.

Totally! It's a true MIND FUCK, exactly what you're describing.

They were saying that in the 80's that the current generation would never be able to own a home.

I'm taking a more pragmatic approach and thinking these agencies buying all the homes will be renting them out until the top of the market. Could be a year or so more of rising prices.

Sales started slowing down in May.

We are due a big correction.

There are around 95 million single family homes in America. There are more middle-class Chinese than there are US citizens.

95,000,000@$300,000 per=$28T. Isn’t that about what has been printed up recently. Half of us won’t sell no matter what because we have to live somewhere.

Half of US debt is foreign owned - so what’s that? $12T? With talk of the great reset going on between the elite, they are trying to dump dollars in the only place that will still take them: the US.

So while we are in the middle of an everything boom and houses should have slowed already - And now we are about to have about 10m - 50m people die of the vaccine this flu season in the US alone - the hyper inflationary crash will continue. Great if you own a rental or two. Not so great of you only have the house you live in.

I vote no crash this year.

I have no proof they are getting free money from the Fed
but hey they are getting it from somewhere? which makes me
think there is a crash a foot and the best place to be is
in Tangible assets!!