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In part that could be because new generation can't hope to make money by owning their homes - rapid appreciation of homes was one-off thing and it hit their lim
by anovikov 9y ago
In part that could be because new generation can't hope to make money by owning their homes - rapid appreciation of homes was one-off thing and it hit their limit - homes aren't affordable for too many people now so they just can't appreciate more.
So, they don't want to own big homes, or at all. Smaller homes (probably condos) means less stuff.
- CaveTech 9y agoHomes are definitely still appreciating - probably more so in the last decade than any time before. The problem is that they've increased to a point where most can no longer afford to enter the market. Someone, somewhere is capturing that wealth, though.
- tonyedgecombe 9y agoIf people can't afford them then there must be an upper limit.
- anovikov 9y agoIn last 10 years (Q2 2007 to Q2 2017) new homes appreciated by 31.97% only which is only 12.3% inflation-adjusted, and less than growth of size of average new home, so per square foot, homes has become slightly cheaper.