4 ms·
They don't need an excuse. Thanks to the idea of the Great Reset, everyone with enough money is trying to have a house they will eventually rent away, or live i
by MrYellowP 5y ago
They don't need an excuse. Thanks to the idea of the Great Reset, everyone with enough money is trying to have a house they will eventually rent away, or live in it themselves.
There's zero reason for prices to go down. None. I've read that plenty of houses are being bought even above asking price, so cost of building isn't a real factor.
Sure, I'm not counting the crash where all the clueless dumb money will try to sell their houses.
When the bubble pops only the idiots will try to sell, and the smart money will grab whatever they can. ROI in terms of "old money" is irrelevant. What matters is getting rid of old money and investing it in something that brings in new money post-crash.
- wccrawford 5y agoYou say "only the idiots", but people who have fallen on hard times (perhaps because of that same housing market crash) could be forced to sell their houses, too, essentially hurting them twice.
- ericmay 5y agoI'm seeing prices go down. I've been looking passively for a few years (it's like my version of doom scrolling on Facebook or something). Houses in Columbus listed for $500,000, $600,000, $900,000, etc. are dropping in price, $5k cut here, $10k cut there, and then it's a total of $25k cut. Or they pul it off the market and re-list $50k cheaper. Neighbors just sold their house, went for $5k under asking in one of the best school districts in the state. I think it's over-priced still, but w/e. Point is there hasn't been a whole lot of selling under asking price going on, and now there is.
- deleted 5y ago[deleted]