Posted on 08/27/2022 7:33:34 AM PDT by Az Joe
Not around here they won’t (Northern Palm Beach County).
I imagine they were a little high where I live. I can’t believe what some people have paid in the last year or so.
LOL
nope.
They might level off in price for a few years, and a few at the super high end might retreat a bit, but the vast majority wont even decrease, much less decrease 20%.
Check out Phx area
Good to see that my area is in the 25% band.
LOL
nope.
You think this market is gonna go up forever?
Everyone who owns is gonna make money! We’re all rich! (s)
Sounds like everyone in my neighborhood before the last collapse..........
Boise is overvalued by 72%? Really?
I’ll be the analysts are not taking account of ultra-high violent crime in big Democrat cities, prosecutors owned by Soros who won’t prosecute, criminals being arrested 15 or 20 times and released to kill, high costs, lack of power, filthy streets, horrendous woke and CRT-infuses school systems. People are still fleeing those Democrat hell holes for smaller places with tough-on-crime politicians, cleaner, safer living, and more affordability.
I do not see those trends abating. Rather, Democrats keep doubling-down on their horrendously failed policies that have destroyed cities in the USA. The latest is California’s insane plan to make it illegal to sell an ICE automobile.
The only refuge is smaller places in Republican run states.
Atlanta area prices are high but very !ow inventory and new people constantly moving here.
There are 256 identified real estate submarkets in the USA. Some subs will react differently than others depending on local factors.
Down 20%? How far have they gone up since 2012?
In a matter of months, not years, interest rates will start down again and real estate will start gaining value again. And we will still have a housing shortage.
Act accordingly depending on your local market, not what you read from people with their hair on fire.
True...prices are increasing in most of Florida, especially beach areas.
“Sounds like everyone in my neighborhood before the last collapse..........”
I owned my house and a second home right through that last collapse and came out just fine. People are shortsighted and have told my housing is too expensive since 1973 when I bought my first house. So far, I’ve owned 5 principal residences and mad money on every one of them.
I am fairly old and the only time real estate “collapsed” was when Reagan changed the amortization rules that allowed people to use rental property as a tax shelter. They had been depreciating the properties 100% over a year or two to shelter income from elsewhere from taxes.
When he ended that tax loophole, rental property dropped in price, and it took about 10+ years for it to recover to its previous valuations.
But that was an exception where a tax loophole distorted the market.
The fact is, they are not making any more land and the population continues to grow. There are 56 million more Americans today than in the year 2000.
No kidding. I’m in Arcadia and our house value has gone triple.
Same here. A lot of houses in the Jax area are up near 100% in value since 2019. A house that was $500k in 2019 is now near $1 million. Close to 100% in 2+ years!
Fundamental changes are happening this country and its not going to get any cheaper to build. We might have a small pullback in the short term but its clear where things are heading.
And...the rest of the world wants to move here.
I agree with you.
COULD. A modal verb used, which many like to call a "wiggle" word. The phrase above is without meaning, because if "data shows" that something "could," the alternative is also that something "couldn't."
"Data shows" means A, not B. Were one to disregard all media with the various wiggle words -- may, could and the like -- there would be precious little media in print these days.
Climate change might, may, perhaps, is likely and possibly could be but....
The mRNA might, may, perhaps, is likely and possibly could be but....
Elections are might, may, perhaps, is likely and possibly could be but.... Everything is except when it is not. Data generally is meant to show the difference between things. Politics is the opposite.
Your home is of great value, but remains un-priced until such time as you sell. Or the taxing authority wants "more." An investment is real estate is only worth what a buyer will pay. Not might. Not maybe. Not could. Not perhaps.
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