Reply to I think the bubble is popping.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]market may stabilize with some cooling off in overheated places, but we are looking at the impact of longer term housing shortage and increased wealth in many areas, meaning we are not in same place as 2008. inflation is rising, fed will not immediately raise rates (probably taper bond purchases) but that could eventually put some downward pressure on prices and demand. the spring 21 bubble may "pop" and people who bought in 21 may not profit by selling in 23 (unlike those who bought in 19 and sold in 21) but [b]most economic indicators do not point to a massive crash[/b]. [/quote]
I guess different people look at data differently.

EVERY single economic indicator is in bubble territory and ripe for a crash. It just needs a trigger.

Look at what's happening in South Africa right now. Food inflation is leading (almost) to a civil war and the society breaking down. And we here in the US are seeing massive food inflation as well. And we have guns in private hands. A lot of guns. If people are hungry and cannot "afford" food, guess what's gonna happen?[/quote]

The macroeconomics are challenging, it’s true. [b]But the microeconomics of inside-the-beltway SFHs are still very bullish[/b].[/quote]
I have serious doubts about that as well. WFH is here to stay. And the govt (believe it or not) is a LOT more supportive of remote work than even some private companies. I'm a Beltway bandit (own a company that leeches off govt contracting dollars), and since the pandemic came to be and CDC/Fed guidance, over 90% of my workforce that were local to the DC area have moved outwards, if not across state lines. The Fed govt used to have a clause in their contracts, that the work will be performed onsite ONLY, and it applied to defense as well as civilian agencies.

No more. All civilian agencies have amended their contracts and removed that language.

"Inside the beltway" will remain, but only for high profile positions, think lobbyists and politicians. The normal working people don't necessarily will have to be close proximity anymore. [/quote]

You haven’t changed my mind. You might be able to move away, but the folks bidding on good neighborhoods close-in really can’t. The microeconomics still support prices. I’m pretty sure.[/quote]
That's a perfectly valid opinion. Everybody is entitled to an opinion, whether it's wrong or right.

I could be completely wrong as well or not. Only time will tell.[/quote]

To be clear, I’m talking of wheeler-dealers who need face-to-face time. It’s a thing.[/quote]

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