Is there another "housing bubble"?
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Anonymous
| DC prices are insane! |
Anonymous
| no |
Anonymous
| It will slow down a bit when rates go up (soon). But I don't believe the prices will drop...just go flat a bit, with things on the market for a longer period of time. |
Anonymous
| Seriously. West of 16th St NW, there are about a dozen listings < $650K, and most of those places have condo fees >> $500. Insane. |
Anonymous
| Not exactly... if Trump cuts the budget to civil agencies, there will be lower demand in parts of MoCo. That, combined with increasing rates, will push prices down a bit. |
Anonymous
| Prices in MoCo are back to peak levels but 10 years has gone by since then so technically speaking (adjusted for inflation) we are still below peak pricing. |
Anonymous
| Why is this a topic every week? |
Anonymous
| Definite bubble. People are paying too much for too little. When housing prices raise this much more quickly than wages it's a problem. |
Anonymous
| Probably not. Houses are now considered assets, not commodities - it won't go back. |
Anonymous
Do you have the numbers? Back in 2007 everyone was talking about that, not this time. I would love to see the numbers. |
Anonymous
| Look at rents for comparable properties. Rents reflect the need for housing in your specific area and property type. |
Anonymous
Rents are crazy high. I am interested in the evolution of disposable income versus house prices. |
Anonymous
https://www.bloomberg.com/view/articles/2017-03-23/rents-in-megacities-can-t-go-up-forever |
Anonymous
| No people buying homes can afford to pay without strange loans |
Anonymous
But then, why are prices so high? |