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Why the US Housing Market hasn't Crashed yet (repeat of 2008?)


               
2023 Jul 20, 6:56pm   5,080 views  43 comments

by Cash   follow (1)  

We're now over one year into a US Housing Downturn that started in the middle of 2022, when a combination of sky-high prices, rising interest rates, and an economic slowdown triggered a massive collapse in homebuyer demand that is still ongoing in the middle of 2023.

But despite this collapse in buyer demand, home prices have remained resilient, only declining by 1% YoY on a national basis, and up to 15% in the hardest hit markets. To date, the decline in the Housing Market registers more as a modest correction rather than a crash.

This slow pace of initial price declines is now leading many homebuyers and real estate investors to believe that the Housing Market won't ever crash, and that we'll be stuck with high prices into the foreseeable future.

Is this true? Well, let's look into the data, step by step, so you as a homebuyer or investor can uncover truth about when this Housing Market will crash.

8 data points
https://www.reventure.app/blog/why-the-us-housing-market-hasnt-crashed-yet-repeat-of-2008

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37   Maga_Chaos_Monkey   2023 Jul 23, 11:35am  

RedStar says

And I'm still waiting for the car market bubble to implode.


As am I. In 2 weeks my car will be old enough to buy beer.
38   WookieMan   2023 Jul 23, 11:37am  

RedStar says

Probably just a few elections and a generation away from losing our most important constitutional rights, our freedoms, and our national identity. It's not me I'm scared for...its my kids.

I'm not disagreeing, but I think my kids are going to be smarter than me or my parents. Or grandparents. I've got 3 at the age of 10-13. They know exponentially more than I did by that age. We're talking by a lot. I don't know if that's good or bad. My kids piss me off, so not patting them on the back, but the younger generations coming up are smarter than anyone thinks.

That said, females I'm not certain of. I don't know how that plays out. Marriage and family formation which is critical to the future is important. I'm 40. At some point at 80+ I'm probably gonna need help unless I'm that unicorn. So far I'm not certain they have that capacity. My mom is taken care of. We have a plan and we'll take care of it. My MIL is another joke, but whatever. You deal with shit as it's served to you.
39   GNL   2023 Jul 23, 12:22pm  

RedStar says

WookieMan says


I'm generally negative, but when you look at the broad picture, our situation ain't bad.


We are, however, in a rapid political and economic decline, the rate of which is both amazing and terrifying at the same time. Probably just a few elections and a generation away from losing our most important constitutional rights, our freedoms, and our national identity. It's not me I'm scared for...its my kids.

And I'm still waiting for the car market bubble to implode.

This is my concern more than money. Yes, America is still good. But why be content when it's actually getting worse and anyone can see what our politicians are doing?

If we were to go by what the founders of this country did, we would see that wealth is not as important as other things.
40   GNL   2023 Jul 23, 12:40pm  

Not concerned right?

https://twitter.com/ppv_tahoe/status/1664475915886141440

To be followed up with vigilantism? Won't effect you, right?

https://twitter.com/RobberyFaiI/status/1682848614660587520
41   Eman   2023 Jul 23, 4:53pm  

GNL says

Not concerned right?

https://twitter.com/ppv_tahoe/status/1664475915886141440

To be followed up with vigilantism? Won't effect you, right?

https://twitter.com/RobberyFaiI/status/1682848614660587520

The 2nd video clip is likely from Brazil?
42   Eman   2023 Jul 23, 4:54pm  

GNL says

Not concerned right?

https://twitter.com/ppv_tahoe/status/1664475915886141440

To be followed up with vigilantism? Won't effect you, right?

https://twitter.com/RobberyFaiI/status/1682848614660587520

The 1st video, Democrats voted for it. Now, everyone is paying for it. More theft loss = higher prices for everyone else.
43   GNL   2023 Jul 23, 4:57pm  

All true. Let's see what happens if Newsome becomes prez. It's the trajectory of the country that I am concerned about. How does anyone think countries become shitholes? It happens like what we are seeing. We have immigrents tell us exactly this. Anyway, good luck to all. Be good to one another and respect each other. Rich or poor. There are good and bad rich people same as there are good and bad poor people. If you for sure know who those bad people are, well, then do what you got to do. LOL

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