patrick.net

zzyzzx says

Fun Fact, a lot of the listings are from landlords who mention in the listing that there is a tenant who isn't paying

anecdotal. The majority of renters still pay rent. Ask any landlord....

.....rents will go up over the next years.....we dont have a housing bubble....we have a historic housing shortage, historic low interest rates and high building costs.....and a ton of people who can afford 1M+ homes.....

Bitcoin says

zzyzzx says

Fun Fact, a lot of the listings are from landlords who mention in the listing that there is a tenant who isn't paying

anecdotal. The majority of renters still pay rent. Ask any landlord....

.....rents will go up over the next years.....we dont have a housing bubble....we have a historic housing shortage, historic low interest rates and high building costs.....and a ton of people who can afford 1M+ homes.....

While I agree with you on the housing shortage and low interest rate historic points, I have to disagree on the affordability point. We have a ton of people willing to max out credit, pay historically high prices, and make themselves house poor and live month to month with 50% or greater of their net income being used for housing payments.

ForcedTQ says

I have to disagree on the affordability point. We have a ton of people willing to max out credit, pay historically high prices, and make themselves house poor and live month to month with 50% or greater of their net income being used for housing payments.

They are not giving out loans easily.....i dont believe that people who buy homes cant afford it. What i do see is that people made a killing the last 12 month in the stock market. I see it with my tech company. RSU's have doubled since Q1 2020 if not more. Now take two high earners and they can easily qualify to buy 1M+ dollar homes.

do they live month to month/paycheck to paycheck.....maybe, sure. But as long as there arent mass layoffs I dont see an issue. Will housing plateau or decline slightly? yep....but to call this a housing bubble doesnt reflect reality.

Tech stocks are surging. Tesla new all time high? Apple, Mircosoft, google....
every time we see a correction, people scream crash and dont buy the dip, just to see the stocks reach to new all time highs shortly after.....rinse and repeat.