5 ms·
As less and less people will want to buy?
by vijaybritto 7y ago
As less and less people will want to buy?
- kart23 7y agoMortgages too. Same thing as 2008, although it will take longer to achieve the same result. People are losing their jobs, no longer able to pay mortgages, housing prices fall.
- Causality1 7y agoAnd, to put it bluntly, there are going to be a lot of empty houses previously owned by elderly people.
- BurningFrog 7y agoJob loss etc is temporary and should even out in less than a year (uneducated guess). But if 1% of the population dies, that's a permanent demand drop!
- lotsofpulp 7y agoDemand is not the same everywhere. I expect the in demand areas of the US to continue to stay in demand. Prices in the areas without demand will go down further.
- nicpottier 7y agoI generally have believed that as well, but wonder if there will be some flight away from cities after all the dust has settled, at least in the shortish term.
- londons_explore 7y agoWhen demand drops for housing, that's often because people have moved in with relatives, moved in with partners, etc. After whatever triggered that, many might decide they like paying less rent/mortgage costs, so demand will never fully recover.
- BurningFrog 7y agoThis inertia will probably apply also to those who die :)