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> but would probably even rugpull U.S. real estate prices Good, it's been increasing at an out of control pace for a long time, but especially since the pandem
by cableshaft 4y ago
> but would probably even rugpull U.S. real estate prices
Good, it's been increasing at an out of control pace for a long time, but especially since the pandemic.
I'm saying this as a homeowner myself, whose home went up in 'value' almost 50% since I bought it five years ago (it really hasn't, if anything it should have gone down a bit from wear and tear, it desperately needs a new roof, deck, fence, and some gnawed up corners of walls and trim patched up from puppies when they went through teething).
- VagueMag 4y agoI'm not talking about going down 50% for a year or two and then rebounding when the Fed re-juices the markets with liquidity, I'm talking about grinding down over a couple of decades to something like -75% and staying there, and this would have huge implications beyond just where buyers & sellers can transact.