Anonymous
Post 02/14/2024 21:27     Subject: Re:When will home prices starting going down again?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:They aren't going down. In the past almost 30 years that I have lived here they have never gone down. DCUM will NEVER understand this.


They did around 2008. Some people like to act as though inside-the-beltway SFHs were somehow insulated from price declines, but that's simply false. Many people who bought SFHs in highly desirable areas during the last bubble later sold at a loss. I know it's an uncomfortable truth because people like to believe that real estate in certain areas never goes down, but it has in the past and it can happen again.

And by the way, even if something truly has "never" happened before, there is a first time for everything. Probably four years ago, commercial real estate brokers would tell you that CRE never goes down in DC, but here we are.


Referencing 2008 doesn't help you. The housing market was completely different before 2008.


DP. You’re literally arguing that prices can’t go down because never in history have they, someone says actually they did, and you say it’s unfair to reference a historical market. lol. Your spouse must love having you around.


Two different posters, dumb ass.
Anonymous
Post 02/14/2024 21:25     Subject: When will home prices starting going down again?
Anonymous wrote:Sold the condo back in March 2022. because I kept seeing reports on how we are going to see the GREAT Depression in the 20s, and I am not sure if I should buy again or just wait? Does anyone know when home prices will start dropping? When are we expecting the Great Depression now? I know last year recession was delayed till late this year, so what will happen with the Great Depression?


They won’t go back down like stocks might. They just stop going up so fast.
Anonymous
Post 02/14/2024 21:23     Subject: Re:When will home prices starting going down again?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:They aren't going down. In the past almost 30 years that I have lived here they have never gone down. DCUM will NEVER understand this.


They did around 2008. Some people like to act as though inside-the-beltway SFHs were somehow insulated from price declines, but that's simply false. Many people who bought SFHs in highly desirable areas during the last bubble later sold at a loss. I know it's an uncomfortable truth because people like to believe that real estate in certain areas never goes down, but it has in the past and it can happen again.

And by the way, even if something truly has "never" happened before, there is a first time for everything. Probably four years ago, commercial real estate brokers would tell you that CRE never goes down in DC, but here we are.


Referencing 2008 doesn't help you. The housing market was completely different before 2008.


DP. You’re literally arguing that prices can’t go down because never in history have they, someone says actually they did, and you say it’s unfair to reference a historical market. lol. Your spouse must love having you around.
Anonymous
Post 02/14/2024 17:49     Subject: Re:When will home prices starting going down again?
When supply exceeds demand.
Anonymous
Post 02/14/2024 17:28     Subject: Re:When will home prices starting going down again?
They aren't going down. In the past almost 30 years that I have lived here they have never gone down. DCUM will NEVER understand this.


We bought in northern VA (just outside beltway) in 1989 and sold for less in 1999. So you are not correct. We have now lived here 35 years. It can happen.
Anonymous
Post 02/14/2024 08:46     Subject: Re:When will home prices starting going down again?
Anonymous wrote:
Anonymous wrote:They aren't going down. In the past almost 30 years that I have lived here they have never gone down. DCUM will NEVER understand this.


They did around 2008. Some people like to act as though inside-the-beltway SFHs were somehow insulated from price declines, but that's simply false. Many people who bought SFHs in highly desirable areas during the last bubble later sold at a loss. I know it's an uncomfortable truth because people like to believe that real estate in certain areas never goes down, but it has in the past and it can happen again.

And by the way, even if something truly has "never" happened before, there is a first time for everything. Probably four years ago, commercial real estate brokers would tell you that CRE never goes down in DC, but here we are.


Referencing 2008 doesn't help you. The housing market was completely different before 2008.
Anonymous
Post 02/13/2024 23:55     Subject: Re:When will home prices starting going down again?
Anonymous wrote:
Anonymous wrote:They aren't going down. In the past almost 30 years that I have lived here they have never gone down. DCUM will NEVER understand this.


They did around 2008. Some people like to act as though inside-the-beltway SFHs were somehow insulated from price declines, but that's simply false. Many people who bought SFHs in highly desirable areas during the last bubble later sold at a loss. I know it's an uncomfortable truth because people like to believe that real estate in certain areas never goes down, but it has in the past and it can happen again.

And by the way, even if something truly has "never" happened before, there is a first time for everything. Probably four years ago, commercial real estate brokers would tell you that CRE never goes down in DC, but here we are.


That’s your first mistake: inside the Beltway. That’s a vast repository of a lot of fairly iffy housing.

SFH in top neighborhoods in DC have never gone down: Cleveland Park, Woodley Park, Mass Ave Heights.
Anonymous
Post 02/13/2024 23:24     Subject: Re:When will home prices starting going down again?
Anonymous wrote:They aren't going down. In the past almost 30 years that I have lived here they have never gone down. DCUM will NEVER understand this.


They did around 2008. Some people like to act as though inside-the-beltway SFHs were somehow insulated from price declines, but that's simply false. Many people who bought SFHs in highly desirable areas during the last bubble later sold at a loss. I know it's an uncomfortable truth because people like to believe that real estate in certain areas never goes down, but it has in the past and it can happen again.

And by the way, even if something truly has "never" happened before, there is a first time for everything. Probably four years ago, commercial real estate brokers would tell you that CRE never goes down in DC, but here we are.
Anonymous
Post 02/13/2024 22:34     Subject: When will home prices starting going down again?
Anonymous wrote:
Anonymous wrote:Shouldn't the same demographic cliff projected to hit colleges hit housing ~10-15 years later? I think that's coming up in a couple of years or so.


The internal timing of this post is so screwed up it's impossible to take it seriously.


I posted that and I don't know what you mean by internal timing....?
Anonymous
Post 02/13/2024 22:32     Subject: Re:When will home prices starting going down again?
Anonymous wrote:They aren't going down. In the past almost 30 years that I have lived here they have never gone down. DCUM will NEVER understand this.


The only way this makes sense is if rents also go way way way up. Perhaps they will, but right now no one in their right mind would give up their rent to live in the the same thing at double the cost (let alone upgrade). The market will correct, it’ll be a slog, but one of the two scenarios will happen.
Anonymous
Post 02/13/2024 21:04     Subject: Re:When will home prices starting going down again?
They aren't going down. In the past almost 30 years that I have lived here they have never gone down. DCUM will NEVER understand this.
Anonymous
Post 02/13/2024 20:58     Subject: Re:When will home prices starting going down again?
Anonymous wrote:I was researching this video yesterday. Looks like there might be a reason that prices do fall quite soon. I am hopeful. This is a great analysis.



You're a moron. Watching a YouTube video isn't "research."
Anonymous
Post 02/13/2024 20:16     Subject: When will home prices starting going down again?
RE market
Not the stock market.
Anonymous
Post 02/13/2024 20:04     Subject: When will home prices starting going down again?
Rents are going up! There is no end in sight!
Anonymous
Post 02/13/2024 19:20     Subject: Re:When will home prices starting going down again?
Anonymous wrote:
Anonymous wrote:I was researching this video yesterday. Looks like there might be a reason that prices do fall quite soon. I am hopeful. This is a great analysis.



If you think this is a great analysis, then I don't know what to tell you.


Since when did adults on DCUM watch “crash bros” YouTubers?

These guys predicted a real estate crash in 2020, in 2021, in 2022, in 2023…