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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Oh, we're most definitely in a housing (and others) bubble, not withstanding all this drivel from current owners.

Is it popping yet? Well, that's somewhat debatable, but what's [b]not[/b] debatable is that it [b]will[/b] pop. And very soon, if it hasn't started already.

All this talk from people that, if you wait for xx amount of time, you're just throwing money away on rent is just that. Talk. Rent vs Own math is very very heavily skewed towards renting right now and that is always the sign of a bubble top. I can rent a house in prime time locations across the country for way less than it'll cost to buy the same house. I can do that, live in the same exact house as the owners, and invest the difference. But wait!! You won't build "equity" and you're throwing money away on rent!

No I'm not. A house is an asset just like stocks, bonds, fine art, whatever, except it has a very high carrying cost. One of the worst investments. If you can buy it at a price where the rent/buy ratio works, THEN it is a good investment, because you can generate positive cash flow, just like buying a business. Do you see Warren Buffett going out and buying mansions right now, even though he could buy quite a few and not even notice the difference in his account? No. Do you see real estate "investors" buying up houses right now, because apparently they are such a great deal and will continue going up? No. Sam Zeil, one of the most successful RE investors is liquidating his RE portfolio. So is Apollo. So is Blackrock, to a certain degree. When these investors can't buy properties at a price where it will generate a positive cash flow, they know it's time to sell.

And you guys...buy buy buy.

I'm an RE investor as well, and I'm liquidating my properties in several states as we speak. There is no way my cash flow (and all my properties are positive cash flow) will generate these kinds of returns without waiting for many decades. There are many many more ways to make money/counter inflation than betting on continued RE appreciation. That ship sailed with the end of COVID.

Merck just did a very successful trial of an oral COVID [b][i]treatment[/i][/b]. This time next year, nobody's gonna be worried that they are gonna die of COVID (not that they are now, except for some weirdos). Your guess is as good as mine as to what that will do to RE prices.[/quote]

Most people here are talking about buying their own homes, not investment properties. We bought in August and no regrets. LOVE our neighborhood. House has so much more space than our apt that cost a couple hundred less and everything is just nicer. Our neighbors are absolutely lovely. Moving was awful though and we won't do it again until we absolutely have to. Which means we will be here a while. So yeah, if it was just a question of where do we put $2500 a month? Sure maybe stocks are better. But we need a place to live and it's either $2300 in rent that will increase every year for an apt or $2600 PITI plus maintenance for a much bigger house in the neighborhood where we want our child to go to school and grow up and have a stable life.[/quote]
You're missing the point.

Just because you bought it when you did, and that you're ok with it, doesn't imply that asset valuations are not elevated. And I repeat, you can consider it "home" or whatever, it is still an asset and is and was, always valued like an asset.

Hint: Why do you think they are not building millions more homes as we speak? Because...commodity prices are elevated as well. Lumber has come down to pre-pandemic levels, but there several other commodities and supply chain issues that are still relevant. [b]That[/b] is causing RE prices to levitate. But that won't last. Never has, never will. Commodities will come down, either willingly or due to an "event". Supply chain issues will be resolved one or another. Our country cannot survive if we don't solve this. So if we have to go to a war footing or an actual war, to solve this, we will.[/quote]

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