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The housing market has crashed 2 times within the past ~30 years (90 and 2007). Housing is so over financialized + demographic shifts that it might be merited t
by tossandthrow 1y ago
The housing market has crashed 2 times within the past ~30 years (90 and 2007). Housing is so over financialized + demographic shifts that it might be merited to expect crashes.
Regardless, one should not hold cash in anticipation of a housing crash but in the anticipation of a buying opportunity.
- rkomorn 1y ago> Regardless, one should not hold cash in anticipation of a housing crash but in the anticipation of a buying opportunity. Isn't the housing crash in question also the buying opportunity in question, for many people who have been priced out of the market? Edit: I'm not implying this is a sound strategy. Just more of a reality.
- tossandthrow 1y agoNo, there are plenty buying opportunities without crashes. A buying opportunity can arise in multiple ways: Eg. realizing that you are willing to move to a cheaper area. There is plenty of well priced housing - just not on the soil people want it to be on. But in the end, not everyone can have the same address.