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WillyWanker
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2022 Mar 15, 3:00am
WillyWanker
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2022 Mar 15, 3:00am
Patrick says
It will be interesting to see if they raise rates. But, many other forces are at play. I'm now watching on the sidelines, as I am now living between homes in Spain and Andorra.
@WillyWanker I think a lot depends on interest rates.
It will be interesting to see if they raise rates. But, many other forces are at play. I'm now watching on the sidelines, as I am now living between homes in Spain and Andorra.
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zzyzzx
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2022 Mar 15, 4:57am
zzyzzx
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2022 Mar 15, 4:57am
I think it depends a lot in interest rates AND the eviction / foreclosure moratoriums. Once all the deadbeats get thrown out of their apartments, the people who are thinking about selling their house while they still have equity in it are going to sell.
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Maga_Chaos_Monkey
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2022 Mar 15, 5:43am
Maga_Chaos_Monkey
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2022 Mar 15, 5:43am
zzyzzx says
Also lack of development over the last decade, although I understand new home builders are going crazy lately.
I think it depends a lot in interest rates AND the eviction / foreclosure moratoriums.
Also lack of development over the last decade, although I understand new home builders are going crazy lately.
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BayArea
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2022 Mar 15, 5:57am
BayArea
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2022 Mar 15, 5:57am
Zillow says double digit growth in 2022
Buy now or be priced out forever
… and as long as interest rates are at 3-4%, no we aren’t heading to any declining home prices and certainly no crash.
Stock market took a turn recently, 40yr inflation high, coming out of a global pandemic… how much do you think the Fed will raise those rates… probably not much. They know damn well they will need to be careful with this.
Buy now or be priced out forever
… and as long as interest rates are at 3-4%, no we aren’t heading to any declining home prices and certainly no crash.
Stock market took a turn recently, 40yr inflation high, coming out of a global pandemic… how much do you think the Fed will raise those rates… probably not much. They know damn well they will need to be careful with this.
Comments 1 - 7 of 120 Next » Last » Search these comments
I see most people here now post about politics and the Wuhan Flu. I'm in agreement with most here: I'm a former liberal who voted for Bill Clinton but I voted for Donald J. Trump in 2016 and in 2020.
Today the world is in crisis and real estate prices in the US are crazy high.
I have friends who have just put their homes on the market. And others, who should know better, who are awaiting real estate lotto to be 'able to purchase' homes in communities in Arizona and Florida. I don't think I've heard people speak about waiting in line to buy up a tract house in a gated community since 2006. What gives?
https://www.realtor.com/news/trends/how-record-high-gas-prices-soaring-inflation-will-affect-homebuyers-and-owners/?source=patrick.net