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Real Estate
Reply to "Anybody else extremely depressed over real estate?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There could still be a recession and a price drop. No one knows what the market will do. Maybe all of us who bought in 2021 will be the depressed ones, no one knows for sure.[/quote] There's not enough homes for everyone who wants a house. We basically lost a decade of building activity from 2008-2018. You now have 4 generations actively buying homes, all competing with each other: Boomers, Gen X, Millennials, and eldest portion of Gen Z. [/quote] Our demographics don’t look good for housing. Refer to Japan. Generally good to own a home for 15-30 years, but I doubt anyone buying now sees the returns their parents got.[/quote] Demographics don't look good for housing in rural parts of this country. Those homes - many of which were paid for with VA loans and military pensions - are falling apart and will not be replaced. They still can't build enough housing in Tokyo to sop up demand. Long term demand for housing in urban job centers will remain strong. US population is still rapidly urbanizing. https://www.statista.com/statistics/269967/urbanization-in-the-united-states/[/quote]
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