Reply to Should current homeowners wish for home values to decline?

Forum Index » Real Estate

Reply to "Should current homeowners wish for home values to decline?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote]OP it's not unique to the US. I recently sold a property that I inherited in a very poor country in Africa. I was expecting maybe $100k and I sold it for $500k. We are talking about a country with a GDP per Capita less than $1000. Of course I was happy. I am even more happy that I sold it now because it's clearly a bible waiting to beust, but then people over there told me the increase in property values has been constant for the last 20 years.

[b]We will simply reach a point where wages won't be able to keep.up and only a fraction will be able to buy. When we get to that point what will happen to home values then? I don't know.

In the context of get US assuming immigration is severely restricted, low birth rates consist and aging accelerate, in that scenario can we still expect home values to keep rising? Again I don't know[/b]

One thing is clear every single homeowner wants endless increase me included lol.[/quote]

I think you answered your own question. Major political change due to economic stresses. We are already seeing it. Dollar is ourbeing devalued. Markets collapse. Your home relative to the strength of the dollar will weaken as an asset. But hopefully you view it as a place to live and not an appreciating asset. [b]When you consider taxes, insurance, and maintenance it's not really a great "investment" anyway unless you get lucky with your location improving or something like that.[/b]

Exactly this! That is why when I retire and pay off my home I’ll be putting the 2M in the bank and become a renter in the same neighborhood. Or, I’ll be given my children the money to purchase their move up home. I’ll still have enough retirement to cover living expenses and health

[/quote][/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