If you think any of this is normal and sustainable you are a fucking retard. It is all going to come crashing down and it won’t be pretty.
>inb4 muh low inventory There was very low inventory in 2006-2007 too >inb4 muh Jewrick investors The smart investors will pull out early and make it worse for these markets. The dumb investors will suffer along with everybody else. These corporations are not invincible. Bear Stearns and Lehman Brothers were each multi-billion dollar companies that ended up going bankrupt anyway.
>inb4 muh stagflation due to Federal Reserve That just makes it worse. If your food,energy, and gas prices are double what they were 2 years ago then you have no reason or ability to overpay for houses and cars thus the asset prices will have to correct
Jordan Johnson
The housing market will never be allowed to crash kek what are you talking about? You think the people in power who own 10 investment properties each, you think they haven't orchestrated this?
The housing market collapses when society collapses.
Sebastian Taylor
NY is on the verge of passing historic zoning reform. Prepare to see shitloads of construction of new apartment complexes all across Long Island and Westchester.
Benjamin Jones
It's very simple, once intrest rates raise the market will come back down but it will take 5 years. I'm telling you though. With constant flow of immigrants and lack of housing being built. There will not be another crash. Lending standards are much more legit than in 2008. The sub 3% intrest rates and covid drove the housing market. There will be no crash.
>Austin, TX why would you even want a house in the California Refugee area
Robert Morris
You can’t just live in denial. It’s going to happen anyway. It’s gonna be ugly but most millennials don’t own assets anyway so they won’t see much of a difference. Prepare to see a lot of pissed off boomers though. The house they paid $500k for? It’s worth $250k now. The Camper they bought for $30k? It’s worth $5k now. The used F150 they bought for $50? It’s worth $30k now.
Samuel Hernandez
I would’ve said the same thing but the demographic issue isn’t as bad as you think. Over the next 10 years Boomers will start dying off, legal immigration has basically been paused for 2 years, and the only people having kids are either Mormons or minorities with zero wealth and shitty credit scores. The demand factor will disappear.
Jace Miller
I just bought a 3Bd/3Ba in that same city for 895K, fuck off with your lies
Gabriel Lee
It's all so tiresome
Gavin Rivera
That is assuming private equity and foreign investors won't buy up what the baby boomers sell.
Nathan Ortiz
>It is all going to come crashing down Yes, but it won't be as bad as like 2008.
Jaxson King
Wait for it..look at this demographic.. these old fucks are going to be gone in 20 years. That should open up a shit ton of housing--the wild card is immigration..will they try replacing these old fucks with 50 million latinos/haitians/afghans.
