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The only people predicting a housing crash are broke millenials and zoomers desperate for one, because they think it's the only way they'll ever be able to affo
by 876978095789789 4y ago
The only people predicting a housing crash are broke millenials and zoomers desperate for one, because they think it's the only way they'll ever be able to afford a home, despite even a 20% drawdown in median home prices still being well above pre-pandemic levels: https://fred.stlouisfed.org/series/MSPUS https://fred.stlouisfed.org/series/MSPUS
The fact that so many people desperately WANT a housing crash is a pretty good sign that there won't be one, since that's indicative of massive pent-up demand.
Also the secularly low interest rates so many home buyers locked in before and during the pandemic.
- dehrmann 4y agoThis won't quite be in time for zoomers, but there might be an oversupply in boomer neighborhoods in 10-20 years.
- georgeburdell 4y agoHighly location dependent. I’ve lived most of my 40 years in Florida and my neighbors keep dying of old age and getting replaced by the newly-retired. This is just a random suburban neighborhood
- swexbe 4y agoThe point is when boomers start dying en masse there won’t be as many to replace them.
- imtringued 4y agoBoomers are immortal.
- dehrmann 4y agoOk boomer.