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

 
Anonymous Coward
User ID: 72400223
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06/25/2021 10:27 PM
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Re: POLL: WILL REAL ESTATE KEEP INCREASING IN PRICE, OR LOWER IN PRICE OVER The NEXT 12 MONTH?
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)]
 Quoting: Anonymous Coward 79514241


Not if the dollar implodes first....a real possibility.
Anonymous Coward
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06/25/2021 10:29 PM
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Re: POLL: WILL REAL ESTATE KEEP INCREASING IN PRICE, OR LOWER IN PRICE OVER The NEXT 12 MONTH?
Keep increasing i bet. Everyone will expect a crash but that crash will never happen. Real estate to the moon!
 Quoting: Anonymous Coward 78531648


People can't afford the moon.

People are stretched thin as it is right now, with many people using 60%-70% of their income for their house payment.

Interest rates should begin to rise slowly over the next year, which in turn lowers real estate prices.

I don't know if the crash in real estate will be in 6 months, 12 months, or 2 years...but it's WAY overdue.
 Quoting: Anonymous Coward 78551315


you wish. it will never crash again. everyone will be outpriced. Rich get richer. poor get poorer.
 Quoting: Anonymous Coward 78531648



I guess we'll see.

I own two homes, one in Florida and one in Tennessee, so it won't impact me as I have no plans to sell either.

It'll royally fuck the 18-30 year old crowd though.
Anonymous Coward
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06/25/2021 10:29 PM
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Re: POLL: WILL REAL ESTATE KEEP INCREASING IN PRICE, OR LOWER IN PRICE OVER The NEXT 12 MONTH?
Rents will be lowered

Ownership will start getting more expensive

As expected
Anonymous Coward
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06/25/2021 10:31 PM
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Re: POLL: WILL REAL ESTATE KEEP INCREASING IN PRICE, OR LOWER IN PRICE OVER The NEXT 12 MONTH?
Keep increasing i bet. Everyone will expect a crash but that crash will never happen. Real estate to the moon!
 Quoting: Anonymous Coward 78531648


People can't afford the moon.

People are stretched thin as it is right now, with many people using 60%-70% of their income for their house payment.

Interest rates should begin to rise slowly over the next year, which in turn lowers real estate prices.

I don't know if the crash in real estate will be in 6 months, 12 months, or 2 years...but it's WAY overdue.
 Quoting: Anonymous Coward 78551315


you wish. it will never crash again. everyone will be outpriced. Rich get richer. poor get poorer.
 Quoting: Anonymous Coward 78531648



I guess we'll see.

I own two homes, one in Florida and one in Tennessee, so it won't impact me as I have no plans to sell either.

It'll royally fuck the 18-30 year old crowd though.
 Quoting: Anonymous Coward 78551315


sadly this is true. the younger generation is screwed.
Anonymous Coward
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06/25/2021 10:32 PM
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Re: POLL: WILL REAL ESTATE KEEP INCREASING IN PRICE, OR LOWER IN PRICE OVER The NEXT 12 MONTH?
There will either be a crash or precious metals are going to the moon.
J-lee

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06/25/2021 10:33 PM
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Re: POLL: WILL REAL ESTATE KEEP INCREASING IN PRICE, OR LOWER IN PRICE OVER The NEXT 12 MONTH?
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


RUDYSURPRISE
 Quoting: Butch DeFeo


I’m a Realtor. I voted the market will crash, based mainly on #1 & 2 of your seven. 3,4 & 5 yes in certain states. 6 yes but not a huge factor at the moment. I’m in Florida and everyone is moving here so it’s probably not going to crash here as soon. I believe we will see mass crashes in certain states. I’ve been working with buyers for months and forget it. It’s nearly impossible to buy a home in Orlando. We’ve upped the offers, waived contingencies, things I’d generally not advise but if you want to own property now, it’s crazy. Don’t sell unless you HAVE to or you have another property to move to.

If #4 continues though, II’ll change my vote.
Anonymous Coward
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06/25/2021 10:38 PM
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Re: POLL: WILL REAL ESTATE KEEP INCREASING IN PRICE, OR LOWER IN PRICE OVER The NEXT 12 MONTH?
In June 2008 oil prices were rising fast. People predicted 300 dollars per barrel. Reality set in 4 months later. In 2021 there have already been 3 bubbles burst: Lumber, crypto, and tesla. We aren't done bursting bubbles this year.
Anonymous Coward
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01/17/2022 03:45 AM
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Re: POLL: WILL REAL ESTATE KEEP INCREASING IN PRICE, OR LOWER IN PRICE OVER The NEXT 12 MONTH?
bump





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