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The reason why I think it will happen sooner than that is because of everything else going on. Inflation, increased food/gas prices, crashing stock market...we'
by vinyl7 4y ago
The reason why I think it will happen sooner than that is because of everything else going on. Inflation, increased food/gas prices, crashing stock market...we're already starting to see layoffs and hiring freezes in tech. Got companies who are reverting their WFH policies...how many tech people went and bought a house in Idaho or Montana thinking their WFH was permanent?
- Matthias247 4y agoBuying a property is not a bad thing when there is inflation: It locks one in on a certain interest amount - and if that one further increases due to inflation in the next years it won't mattter. It also locks one in onto a certain buying price - so further price increases in the market also won't matter.
- weberer 4y agoWouldn't inflation keep the prices high?
- tommiegannert 4y agoHouse prices have already inflated quite a lot higher than 2% per year in many places. Now everything else is playing catch-up, which means people will have less money to spend on housing (mortgage repayments). What institiutions do, I don't know, but I assume the speculative ones will be a bit more careful. So we may have high inflation even if housing prices don't participate. Given the changes in rates, it seems unlikely house prices will continue the way they have.
- dominotw 4y agothat didnt' apply to stocks.