Why is being an economist a profession anymore. Just troll on DCUM and you can find several.
Is this statement true, I think not! |
Well, the two houses in my neighborhood that have closed in the past month went for 25% MORE than what we bought our house for last summer, so I suppose you could be accurate. Prices could go back down to where they were last summer. |
There is no “middle middle” or “housing crisis” only an entitlement mentality crisis. People can’t find housing only because they are not willing to live where they can afford. This is all a ruse by developers, building companies and real estate agents to make money. |
This thread began a year and a half ago so is definitely wrong. |
“Nominal prices (inflation adjusted)” is a contradiction. “Inflation adjusted” are real prices. Which can and likely will fall. |
Haha. I remember this thread. Thanks for bumping. Told you so, OP. |
OP was so wrong. Thanks god I didn’t listen. |
I doubt it will happen even if it did meaningless.
Homes sold in 2019 for one million bloated up to 1.5 million falling in value 20 percent to 1.2 million yawn |
That prediction didn't age well, did it? |
Hahahahahahaha |
Looking back this seems like an insane prediction given the increase in the money supply and government spending. |
8 percent was normal for a very long time |
It aged as well as the buying shark thread. |
If buyers are anything like me, they bought up with their low interest rates. We looked at houses that we never would have looked at when interest rates were 4-5%. If we were looking at houses now, we'd just be looking at different houses and different neighborhoods than we ended up buying in. |
I wonder how the shark made out this last year and a half. Miss that guy |