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To: blam

Housing prices will still increase significantly as supply is stupidly low and the fewer people that want to buy a new home also means fewer supply of homes since ~80% of buyers are existing owners and with nearly all recent buyers in fixed mortgages and high incomes (or all cash), almost no risk of a repeat of 2007-2010 here in housing. And there just isn’t that much new home supply - and the cost of those is significantly higher than existing stock.


8 posted on 03/23/2022 5:13:20 AM PDT by rb22982
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To: rb22982
I live near Nashville and companies like Oracle and Facebook and many others have arrived. Nashville is cluttered with cranes building new tall structures. The inventory of homes is very low and prices keep rising. Oldsters are transferring their homes to their children instead of selling them. People from all over the country are coming here.

Is this a bubble that's going to burst or a sign of more of the same? If people keep coming, why would the price of a house go down?

13 posted on 03/23/2022 5:43:11 AM PDT by Lizavetta
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