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Real Estate
Reply to "Where are the people who said prices would plummet when the fed layoffs were announced?"
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[quote=Anonymous]The problem is that people aren't looking for the market to cool. They want/need it to crash. Prices have risen so aggressively in the last few years that it's not enough for some to just see stagnant or small declines in prices. They want big drops. So like a house currently selling for 800k, they want it to go back to 2018 prices of like 650k. But the economics of that don't work for sellers, who often have the option of sucking it up and staying (low rates when they bought or refinanced mean they can lump along on one income or rent out a basement unit or something to cover it), or who would rather rent it out than lose all their gains. I personally hope the market doesn't crash and am optimistic that good results in 2026 and 2028 will stabilize the economy here. But the people looking for a "dip" often actually mean crash.[/quote]
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