Anonymous wrote: And unless you overbought in a weak market, it won’t take 10-20 years to regain loss.

Yes, there are pockets of real estate that suck. Don’t ever buy there. Or at least don’t buy at peak there.

Undesirable areas/properties are always the first to fall and the last to recover. And they aren’t representative of the overall market.

Anonymous wrote:From 2018: “ The housing market has generally recovered. Prices across the U.S., which fell 33 percent during the recession, have rebounded and are now up more than 50 percent since hitting the bottom, according to CoreLogic, a global property analytics site. Still, some markets in Arizona, Florida, Illinois and Nevada have yet to reach their pre-recession levels.” It depends on the local market and how overvalued the individual asset was at the peak. People who are paying 40% overvalue now could take more than a decade to recover, even without an overall housing crash.

https://www.washingtonpost.com/news/business/wp/2018/10/04/feature/10-years-later-how-the-housing-market-has-changed-since-the-crash/

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1) “panic selling: the worry that conditions are going to get worse.”

It wouldn’t be anywhere close to the scale of panic buying. People will ride out to avoid losses. Just like they did in 2008.

2) “wait 10-15 (20?) years to recover”

Values won’t drop that much - if at all. And unless you overbought in a weak market, it won’t take 10-20 years to regain loss.

Many 2007 era losses have only just been recovered in this year’s price surge. That’s 15 years.

Please show examples of this, or better, data or analysis. Because it sounds like urban legend.

It's very true for certain places that were hit especially hard. It's completely untrue for our area.

Actually it does seem pretty true when you de-average the local market to just look at condos. Pricing now for 1 to 2br condos seems to just at or slightly above prices from around 2008.

Anonymous wrote:

Anonymous wrote:1) “panic selling: the worry that conditions are going to get worse.”

It wouldn’t be anywhere close to the scale of panic buying. People will ride out to avoid losses. Just like they did in 2008.

2) “wait 10-15 (20?) years to recover”

Values won’t drop that much - if at all. And unless you overbought in a weak market, it won’t take 10-20 years to regain loss.

Many 2007 era losses have only just been recovered in this year’s price surge. That’s 15 years.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1) “panic selling: the worry that conditions are going to get worse.”

It wouldn’t be anywhere close to the scale of panic buying. People will ride out to avoid losses. Just like they did in 2008.

2) “wait 10-15 (20?) years to recover”

Values won’t drop that much - if at all. And unless you overbought in a weak market, it won’t take 10-20 years to regain loss.

Many 2007 era losses have only just been recovered in this year’s price surge. That’s 15 years.

Please show examples of this, or better, data or analysis. Because it sounds like urban legend.

It's very true for certain places that were hit especially hard. It's completely untrue for our area.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1) “panic selling: the worry that conditions are going to get worse.”

It wouldn’t be anywhere close to the scale of panic buying. People will ride out to avoid losses. Just like they did in 2008.

2) “wait 10-15 (20?) years to recover”

Values won’t drop that much - if at all. And unless you overbought in a weak market, it won’t take 10-20 years to regain loss.

Many 2007 era losses have only just been recovered in this year’s price surge. That’s 15 years.

Please show examples of this, or better, data or analysis. Because it sounds like urban legend.

It's very true for certain places that were hit especially hard. It's completely untrue for our area.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1) “panic selling: the worry that conditions are going to get worse.”

It wouldn’t be anywhere close to the scale of panic buying. People will ride out to avoid losses. Just like they did in 2008.

2) “wait 10-15 (20?) years to recover”

Values won’t drop that much - if at all. And unless you overbought in a weak market, it won’t take 10-20 years to regain loss.

Many 2007 era losses have only just been recovered in this year’s price surge. That’s 15 years.

Please show examples of this, or better, data or analysis. Because it sounds like urban legend.

Anonymous wrote:

Anonymous wrote:1) “panic selling: the worry that conditions are going to get worse.”

It wouldn’t be anywhere close to the scale of panic buying. People will ride out to avoid losses. Just like they did in 2008.

2) “wait 10-15 (20?) years to recover”

Values won’t drop that much - if at all. And unless you overbought in a weak market, it won’t take 10-20 years to regain loss.

Many 2007 era losses have only just been recovered in this year’s price surge. That’s 15 years.

Anonymous wrote:1) “panic selling: the worry that conditions are going to get worse.”

It wouldn’t be anywhere close to the scale of panic buying. People will ride out to avoid losses. Just like they did in 2008.

2) “wait 10-15 (20?) years to recover”

Values won’t drop that much - if at all. And unless you overbought in a weak market, it won’t take 10-20 years to regain loss.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1) “panic selling: the worry that conditions are going to get worse.”

It wouldn’t be anywhere close to the scale of panic buying. People will ride out to avoid losses. Just like they did in 2008.

2) “wait 10-15 (20?) years to recover”

Values won’t drop that much - if at all. And unless you overbought in a weak market, it won’t take 10-20 years to regain loss.

Opinion without reasons are not interesting or persuasive.

Stated without intended irony, of course.

Anonymous wrote:

Anonymous wrote:1) “panic selling: the worry that conditions are going to get worse.”

It wouldn’t be anywhere close to the scale of panic buying. People will ride out to avoid losses. Just like they did in 2008.

2) “wait 10-15 (20?) years to recover”

Values won’t drop that much - if at all. And unless you overbought in a weak market, it won’t take 10-20 years to regain loss.

Opinion without reasons are not interesting or persuasive.

Anonymous wrote:1) “panic selling: the worry that conditions are going to get worse.”

It wouldn’t be anywhere close to the scale of panic buying. People will ride out to avoid losses. Just like they did in 2008.

2) “wait 10-15 (20?) years to recover”

Values won’t drop that much - if at all. And unless you overbought in a weak market, it won’t take 10-20 years to regain loss.