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Americans need to come to terms with the eventuality that home prices won't "fall". There may be some local minimas, but in general, housing costs will only go
by throwawayacc3 4y ago
Americans need to come to terms with the eventuality that home prices won't "fall". There may be some local minimas, but in general, housing costs will only go up, and will likely continue to beat inflation.
- sieabahlpark 4y ago
- adamredwoods 4y agoI live in the Pacific Northwest area and the new house production is below demand, and the median housing price (King County, and others) rose 0.9% compared to one year ago (November). This includes the large price reductions due to interest rates. https://www.nwmls.com/real-estate-news/monthly-market-snapshot/#market-snapshot-graphic https://www.nwmls.com/real-estate-news/monthly-market-snapsh...
- throwawayacc3 4y agoPrices still rising with the interest rates doubling is bonkers. The total price (P&I) is still increasing, which is maddening.
- deleted 4y ago[deleted]
- sleton38234234 4y agoI think this dystopian prediction is correct. Voters will ensure it.
- techdragon 4y agoEventually reality will kick in however and decades from now the enriched landowners will have to deal with all the people who don’t have stable housing of their own … not sure why, but this seems familiar for some reason.