House prices dropping?

By the end of this year households with mortgages will start to experience stress.

up, up, and away!

House prices just reflective of exploding inflation.

This one is different than 2008.

In 2008 people started loosing their jobs due to an economic slow down. These turned into loan defaults which grew to take down risky investments banks held. I don’t see why it’s different this time. The dollar is crashing and this will cause job loss. What may change is how the government decides to fix it. Will they try to tighten the money supply or open the flood gates? At this moment it looks like they will tighten by continually bumping interest rates. But all bets are off if we go to war with the worlds biggest T-bill holders.

Australian take.

No stat's given any more from media about percentage of first home buyers, investors, upgrading etc... they used to tell you that shit.
Sydney unit market supposedly flattening noticeably. Everyone may be maxed out and media slipping in stories of interest rate rises lately. At a guess, its mostly investor driven but sometimes I feel someone's blackrocking the market.
It's definitely tanking here but as usual good homes in desirable locations will fair less worse and some suburbs may see a modest gain over the next 12 months.
Rental market is batshit crazy with high prices and low supply.

Some have predicted a major house price crash in the UK for years, but it never happens, they only get more expensive.

I have been waiting and I can tell you they won't drop until I buy - story of my life...

L O L!!

Exactly same here

No.

Glad I am not alone… My friends call me Mr. Contrary-Indicator - been on the wrong side of every trade my whole life

Then just get it over with and buy so the rest of us can jump in already.

I find it strange that if you look at history, every single time a Democrat has been in office the country takes a shit, amazes me that people still vote for these fuckstains.

House prices won’t drop, they never do. What will happen is the market will go from multiple offers with escalation clauses on the first day to one or two offers in the first month. Then they will go to a 120 marketing period, then it will become a 6-9 month listing period. Historically prices don’t drop, marketing time just increases.

if they want us to own nothing and be happy ...they will never drop

They will go up until they are all purchased by Elon musk and his ilk.

You will own nothing and be happy.

Home sales down 1.2% in March followed by lower GDP -1.4% , less HVAC Sales, Washers, Dryers Dishwashers, less spending, more borrowing... Higher Interest Rates to borrow money to purchase homes are a huge problem for a purchase, less house for the money and less qualified to purchase the ridiculous higher prices of the homes... Let's Go Brandon!

unfortunately it looks like the AI got loose in the markets and will soon own everything

May 5th you will see what is planned. Us treasury and China rolling out the new system

As interest rates rise, housing prices have to fall to keep the monthly payments affordable.

Im convinced housing prices will never go down if blackrock/vanguard keeps buying them all

Thread: You will own Nothing - the Malicious Plan to Abolish Home Ownership using Blackrock and Vanguard

It’s only going up.

They are keeping houses artificially high.

When these slumlords turn large swaths of states into ghettos and then finally default, which will happen, guess who will pay for the bailout? The US taxpayer like with AIG and the like.

Forgot to add:

Everyone will be on section 8 housing and the money will go straight from the US government to the slumlords.

Everyone will have a tickets for food and a long wait for government subsidized housing.