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housing prices peak 2


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2022 Apr 29, 9:29pm   608,723 views  5,702 comments

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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net

Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.

Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.

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5701   WookieMan   2024 Dec 26, 7:39am  

porkchopXpress says

WookieMan says

Nashville area is going to get the shit beat out of it in my opinion.
I live outside of Nashville in a high-end area. Houses here are still selling and prices have stayed relatively flat. People are still moving here, so demand is high. Just an observation.

Future prediction on my end. If you can make $40-60k/house you tend to over build. Demand is there now no doubt. But I see places like Nashville and Austin taking a beating in the next 5 years at some point.

Where I live in IL is cheap. Nashville as a city can eat a turd. Only driven on the highway through the burbs, but doesn't look bad. Similar to suburban Chicago. Prices have a low ceiling I guess is my point in some of these areas. It's going to come down. If I could pee on a city Nashville and NOLA would be in the top 5. I won't visit San Fransisco or New York ever again, so not on the list at all. Even if the family wants to see it. I'll get a hotel 60 miles out and they can check it out.
5702   RWSGFY   2024 Dec 26, 2:04pm  

FortwayeAsFuckJoeBiden says

AmericanKulak there’s a flaw in your argument. it assumes society will not readjust itself. it will. we lived as species for thousands of years without needing permanent inflation to keep going. So i think you worry too much over something that’s not actual danger.


Casey-Shiller research the opposite: there has always been inflation as far back as reliable records are available. Yes, even when money was made out of fancy metals.

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