When Will The Housing Market Crash Again?
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- เผยแพร่เมื่อ 6 ก.ย. 2024
- Join me for today's Economic News, and Housing Market - When Will The Housing Market Crash Again?
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When will the housing market crash again?
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Thanks for watching. Please share your thoughts.
A slight correction will happen but by no means a housing crash. Supply and demand is still the driving factor. Furthermore, there are plenty of investors who are informed and can fund these deals. If there are rate cuts, forgetaboutit….its going to climb.
Thanks for sharing.
Housing market will NOT crash. Not a chance
Thanks for sharing.
It always is not going to happen again until it does.
It's all great until it isn't is true for many. Thanks for sharing.
This happens when folks can't or won't look at the big picture, we have many small thinkers we in America
Indeed. Thanks for sharing.
Real Estate agents are leaving in droves! And looking for other jobs!
Thanks for sharing.
I thought you were going to say they got it right
The article had a twist in it. Thanks for sharing.
Dis association from reality description is very prevalent in today's government
Thanks for sharing.
🎉
Thanks for sharing.
There will be a crash. No doubt about that. It will either crash before we hit depression level or just before we hit the depression levels. The labor market has just started to drop. But the trucking industry is getting wiped out. If people cant get food, even if they are working, they wont stay. As trucking companies get wiped out, less trucks will have to deliver more. When taxes have to be raised, more and more foreclosures will occur. At some point, the demand for housing will dramatically decrease even as foreclosure sales increase. No one wants to buy an over priced house just to have it loose value in a short period of time as house prices fall. Inventories will sky rocket as more people loose their jobs. Even corporate investors will have to stop buying to avoid taking huge losses as housing prices continue to fall. Renting will temporarily jump up only to dramatically drop when so much inventory gets dumped when the tax increase happens. We know a tax increase will have to come because fewer people will own houses to be taxed. So far, banks have been bundling foreclosed houses and selling them on Wall Street. But that cant last long as investors on Wall Street get hit by the higher property taxes. So you see, its just a matter of time and the longer buyers are affraid of the dollar collapse, the less likely they are to buy. With no buyers, including corporations, and more and more inventory being accumulated, housing has no choice but to crash. As homes are appraised at higher value, the taxes on those houses make it impossible for companies with large inventories of houses to hang on to the assets they already have. Rental properties have gotten so expensive with their rates that fewer and fewer people can afford to even rent. When the banks, corporations, and the government catch on to this fact, taxes will dramatically increase, lending may loosen, and prices will fall like a stone. If prices dont fall, people will find alternative means of housing themselves. Its already happening in some places. RVs are parked along many roadways already. As they loose their jobs, people will just drive away and find more pleasant places to park their RVs and they will probably look for small plots of land far from the cities so they can prepare to grow their own food. With no job, they will have plenty of time to grow gardens while the housing market looses more and more buyers. Its going to be an epic crash like the US has never seen since the great depression of 1931. Ive heard it mentioned by some economist that housing could drop to 10% of their present value. Government surely dont want that to happen, but once the sleeping giant has been awakened, he usually rages for a while before he chooses to slumber. Everyone in housing may get financially wiped out. Realtors are already leaving the business as it is. Yeah. Its just a matter of time until the folks realize they pushed the envelope of increased prices too far for housing.
Thanks for sharing.
It’ll be a crash up because the majority of people will be unable to afford the prices.
Thanks for sharing.
What ignorance. You're going to find out you own nothing, never did, including you
Fighting for physical ownership.