Reply to When do you think housing prices will drop (or never)?

Forum Index » Real Estate

Reply to "When do you think housing prices will drop (or never)?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I just got a new tax assessment in MoCo that claims my house has gone up in value by $1 million more than it was in 2017. 
The market is not going down. You will see mild bumps here and there but never low enough that someone thinks it’s affordable. As long as there are all cash buyers, the interest rates have little impact on highly desirable areas. [/quote]

Haha tell me about where all those cash buyers were driving up prices from 2008 - 2019. Homes were appreciating at a steady clip, 2020-22 was an anomaly and prices will revert to the mean based on affordability, just as they always have. FOMO is gone, people aren’t dropping piles of cash on a depreciating asset. Investor demand, especially institutional investors, is DEAD. https://fortune.com/2023/01/02/housing-market-institutional-buyer-yieldstreet-awaits-bigger-home-price-correction/amp/[/quote]

+1 It's nonsensical to think that cash buyers will prop up the market. Cash buyers aren't willing to overpay just because they can.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics