Do you think real estate will slowly decline over the coming years?

[Anonymous]

Like air leaving the balloon?

[Anonymous]

No. We have a supply issue that will persist.

[Anonymous]

It might decline slowly, or quickly, or it might stay about flat and let moderate inflation catch up so it very slowly declines in real terms, or it may go up a little more.

[Anonymous]

Yes, it will. Prices have to come down.

[Anonymous]

Anonymous wrote:It might decline slowly, or quickly, or it might stay about flat and let moderate inflation catch up so it very slowly declines in real terms, or it may go up a little more.

In other words, anything is possible.

[Anonymous]

Anonymous wrote:Yes, it will. Prices have to come down.

Why do they have to?

[Anonymous]

Yes. It’s already happening. I note the thread about Annie Lebowitz’s NYC apartment that sold for less than she paid 10 years ago.

[Anonymous]

Anonymous wrote:It might decline slowly, or quickly, or it might stay about flat and let moderate inflation catch up so it very slowly declines in real terms, or it may go up a little more.

This

[Anonymous]

Anonymous wrote:Yes. It’s already happening. I note the thread about Annie Lebowitz’s NYC apartment that sold for less than she paid 10 years ago.

Declines from 10 years ago on $11M apartments do not count. Also NYC prices are flat from 7 years ago, not bubble related. If anything it’s bc so few can afford it.

[Anonymous]

No. The prices that have come down, had no business being so high in first place.

[Anonymous]

Real estate prices in large metropolitan areas that have a housing crunch very, very rarely decline, and only temporarily if they do.

I've lived in many countries, and it's the same in all of them.

Anyone who thinks otherwise is deluding themselves.

[Anonymous]

No

[Anonymous]

Anonymous wrote:
Real estate prices in large metropolitan areas that have a housing crunch very, very rarely decline, and only temporarily if they do.

I've lived in many countries, and it's the same in all of them.

Anyone who thinks otherwise is deluding themselves.

This. You need to define the market.

I have been looking for some single family investments. In the market I have been looking in, inventory has doubled in the past 7 months and prices are declining. Another market 100 miles away, a major metropolitan area, is rock solid (in fact prices continue to rise).

[Anonymous]

Which markets are these?

[Anonymous]

It will depend on the specific area. It might not be the same areas declining as the 2008-2012 financial crisis. I'd actually bet that it won't be the same areas.