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Even after rates go up it will take a bit for inventory to catch up.I'm not sure that as long as there's such a large housing shortage, there will be any kind of correction anytime soon.
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Sign Up Now!Even after rates go up it will take a bit for inventory to catch up.I'm not sure that as long as there's such a large housing shortage, there will be any kind of correction anytime soon.
Yep. We are nowhere close to where we need to be on new housing starts to meet demand. Covid has not done us any favors either.@RedSavage Housing construction never really went back to normal levels after late 00s crash. Now we've got a generation that's finally in a financial position where buying a house is feasible (about a decade late), but construction of new housing units is so far behind that there's probably no real chance of it catching up. Welcome to the new normal.
Even then, it will take years to even get close to where we need to be, IMO.Even after rates go up it will take a bit for inventory to catch up.
Pain
And may I ask why the fuck the real estate fund I own is down so much when home prices are soaring? 😡
Well, I mean...2020...Market hasn’t had any drop since 09, which is the longest period in US history without a correction.
Well, I mean...2020...
My bad, I read "Market hasn't dropped.." and didn't read the message prior. Is that true though? Outside of 2008-2012, when was the last time aggregate home prices went negative? 1990? The 70s? I feel like there had to have been a way longer run than the last. Either way, yeah...home prices are shitty.talking about the real estate market bruh
didn't drop at all in 2020, total opposite
Housing Market hasn't had a drop since 09, longest period in US history without a drop.
Bubble city
My bad, I read "Market hasn't dropped.." and didn't read the message prior. Is that true though? Outside of 2008-2012, when was the last time aggregate home prices went negative? 1990? The 70s? I feel like there had to have been a way longer run than the last. Either way, yeah...home prices are shitty.
Yeah, looks like there have been longer runs...but yeah, who the fuck knows when this bad boy is gonna stall out.Here is the bubble as of June 2021 and it’s only gone basically straight up since then.