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All it takes is a job-loss recession. The market forces at play are much larger than the impact on housing. Raising interest rates will contract the entire economy, which will cause companies to lay people off. It is then that you'll see a spike in inventory and prices drop.
dude we are in inflation thats close to 10% and probably higher. few years of this will make housing much more expensive
So, no downside to high inflation?No, because as folks incomes get drained by the increasing prices of goods and services, as wages do not keep up with inflation, and as mortgage payments increase due to increasing interest rates, home prices will continue to rise.
WineHorror1 saysSo, no downside to high inflation?No, because as folks incomes get drained by the increasing prices of goods and services, as wages do not keep up with inflation, and as mortgage payments increase due to increasing interest rates, home prices will continue to rise.
WineHorror1 saysSo, no downside to high inflation?No, because as folks incomes get drained by the increasing prices of goods and services, as wages do not keep up with inflation, and as mortgage payments increase due to increasing interest rates, home prices will continue to rise.
The theory that existing low interest mortgage in a high interest environment would lock people in and prevent selling to buy another house therefore help hold house price up doesn't make much sense
Reality saysThe theory that existing low interest mortgage in a high interest environment would lock people in and prevent selling to buy another house therefore help hold house price up doesn't make much sense
Since we have been in this situation before, why are people even speculating? What happened last time when interest rates rose?
I think the inflation is going to stop here soon.
porkchopexpress saysTrue but I don’t care about right now. I care about six months from now.All it takes is a job-loss recession. The market forces at play are much larger than the impact on housing. Raising interest rates will contract the entire economy, which will cause companies to lay people off. It is then that you'll see a spike in inventory and prices drop.
right now most places are just struggling to hire people they need.
They'll blame Trump for the inflation and they stopped it. They'll say they stopped Covid. They protected you with masks and take ownership of the vaccine and how it saved millions of lives. Memories are short, they'll claim victory in Afghanistan. They'll blame Russia and say we need to be united against them in this moment with Ukraine. The script is as obvious as the sun rising. They're already doing it.
Al_Sharpton_for_President saysWineHorror1 saysSo, no downside to high inflation?No, because as folks incomes get drained by the increasing prices of goods and services, as wages do not keep up with inflation, and as mortgage payments increase due to increasing interest rates, home prices will continue to rise.
This HAS to be sarcasm or my mind doesn't work anything like yours does.
I think we're headed for Mises "crack up boom" - and that just might result in revolution. Certainly a reordering of society of some sort and it might not be good at all.
When Netflix loses as many subscribers as they did, it's not just because of SJW antics and people cancelling over that. It's because a $65 gas refuel is now $105.
Does anyone here not agree that the current high house prices are due to inflation?
They will never allow deflation.
First have massive inflation - this kills the poor non borrowers, then have deflation, this kills borrowers.
Add to that the fact that it seems every business is STILL struggling to hire enough workers
richwicks saysFirst have massive inflation - this kills the poor non borrowers, then have deflation, this kills borrowers.
Didn't Thomas Jefferson warn about this?
The only way house prices can go down is a disaster scenario with widespread massive layoffs.
Does anyone here not agree that the current high house prices are due to inflation?
That basically means the quality of life in California has to fall a very very very long way to make supply and demand balance.
PeopleUnited saysporkchopexpress saysTrue but I don’t care about right now. I care about six months from now.All it takes is a job-loss recession. The market forces at play are much larger than the impact on housing. Raising interest rates will contract the entire economy, which will cause companies to lay people off. It is then that you'll see a spike in inventory and prices drop.
right now most places are just struggling to hire people they need.
Bitcoin says...inventory is historic low....
Not for long...
Fortwaynemobile saysdude we are in inflation thats close to 10% and probably higher. few years of this will make housing much more expensive
So, no downside to high inflation?
Booger saysYou act overly confident in everything until you're wrong like with the vaccine, and then you come crawling back apologizing how you were wrong. No one will take you seriously when you so easily dismiss or ridicule the opposing view and act like you know everything. Check your confirmation bias at the door, or you will never learn from your mistakes.Bitcoin says...inventory is historic low....
Not for long...
yes, any minute now folks, any minute.
Active listings to increase by 500%. Dont blink!
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Let the games begin!