5 ms·
I highly doubt this is going to happen, prices are not going to go down in my opinion, especially in desirable coastal areas. I would almost bet on mortgages be
by deanmoriarty 5y ago
I highly doubt this is going to happen, prices are not going to go down in my opinion, especially in desirable coastal areas. I would almost bet on mortgages being extended past 30y just to keep the monthly payments possible than housing prices going down significantly. This country (US) is too obsessed with housing, and the demand will always outpace the supply.
- giantg2 5y agoHow did that work in 2008? Every area will be slightly different, but I don't think it's realistic to say prices will never go down. Over the long term it will continue to increase, but there will be periods of volatility.