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> House/rent prices have gone way up. No they haven't recently from sources I have seen. Housing prices are falling [0] (admittedly might be due to rising in
by mrep 8y ago
> House/rent prices have gone way up.
No they haven't recently from sources I have seen. Housing prices are falling [0] (admittedly might be due to rising interest rates) and rents fell earlier this year [1].
[0]: https://www.seattletimes.com/business/real-estate/seattle-area-home-prices-drop-again-with-6-month-decline-among-largest-ever/ https://www.seattletimes.com/business/real-estate/seattle-ar...
[1]: https://www.seattletimes.com/business/real-estate/seattle-area-rents-drop-significantly-for-first-time-this-decade-as-new-apartments-sit-empty/ https://www.seattletimes.com/business/real-estate/seattle-ar...
- UnpossibleJim 8y agoThat's relatively new. Housing prices over the last decade have gone way up.
- Pfhreak 8y agoHave gone up is not mutually exclusive with falling house prices. It can be true that they've gone way up, but are currently falling. I bought a house in 2014, and it's definitely way up, despite a fall in the past couple months.
- TomMckenny 8y agoA Month or even a year's price decline is insignificant. Housing prices have outpaced inflation and far outpaced wage gains nation wide for decades.[0] As is true of every asset class relative to the value of labor[1] Indeed, barring extreme systemic changes, there are a couple of things that we can be absolutely certain of nation wide in 10 years: housing will be less affordable and there will be more homeless. [0] https://www.cnbc.com/2017/06/23/how-much-housing-prices-have-risen-since-1940.html https://www.cnbc.com/2017/06/23/how-much-housing-prices-have... [1]https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...