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[quote=Anonymous]I think some of us are still stuck thinking about real estate as something along the lines of the American white picket fence dream. One house per family, the middle class family. Maybe 2 houses if you're a bit more well off, a vacation home, a rental investment property.

Meanwhile, the wealth gap has grown to the point where America's richest 1% can buy 99% of America's homes: https://www.redfin.com/news/wealthy-aggregate-value-2025/

Maybe that doesn't mean anything to DCUrbanMoms, the coastal elite. In that same analysis, the article states taht the wealthiest 0.1% of America could buy every single home in the top 25 most populous metros in the US.

Yes, I think housing prices will go up. Those with active financial advising already pulled money out of the market ahead of last week's stock market sharp decline. They can afford to buy real estate in cash (to park it for years while we're going through all this economic uncertainty), so they're not worried about your 6-7% interest rates.

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