Home buyers, especially gen x, y, z etc. get to compete with cash buyers.
Those cash buyers are hedge funds, sovereign wealth funds, foreigners, wealthy, private investors, etc. Those are the only players fueling a bubble via .gov
Asset inflation via helicopter money from .gov helps the wealthy get wealthier, inflation is a middle class and poor problem.
demand drops -— due to unaffordability...
I have been thinking there will be excess inventory of houses due to the Baby boomers dying off. Do not buy a house as an investment, it is just a place to live.
Millennials buying family homes means there is, perhaps, some hope for more kids, housing dropping in prices has a floor which rises generationally eventually.
If you got a Mortgage I hope it was at least 2 years ago with very low rates.
I sold my home last year so I beat the rising interest rates and potential housing glut crisis.
At least 1 in 5 Americans weren’t born here and thousands more come each day.
Makes sense to me.
None of us are getting any younger, and ‘our betters’ are replacing us with illiterate, disease-carrying freeloaders from Third World Hellholes.
Which part of our Country ISN’T going to be ruined by that? Doesn’t seem to stop Mother Government from burning through the pulled-from-thin-air cash, aiding and abetting the ruination of us all.
*SPIT*
“That could lead to an excess of housing, potentially pushing down prices and sparking a crash in the real estate sector.”
Good, that is what is supposed to happen when you have a bubble. Housing prices are not supposed to constantly trend upward. But of course, our inflationary monetary policies tend to push the prices for everything constantly upward over the long term.
I put institutional folks like Black Rock et al far more to blame than any age group of buyers.
plenty of foreigners, legal and likely some unlegal finding ways to buy up
bkmk
send the illegals, dreamers, whoever not here legally out of the country and magically, plenty more homes, apartments etc, crime drops too! I’ll plant my.
Housing shortages are cause by poor land use planning.
as Baby Boomers begin age out of the housing market.
Is that a nice way of saying we are going to start to die off?
When the Chinese communists are in charge single family housing will no longer be needed
Hopefully the real estate bubble will crash hard (90%+) within a year or two.
Then we can buy the bigger house with tons of land, and after that I don’t care what prices do.