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121 sats \ 4 replies \ @Undisciplined 13h \ on: How will the housing market correction look? econ
I think they'll be able to prop it up a bit longer by cutting interest rates, but it's going to crash pretty hard. That's going to happen as the Boomers and their surviving family members start trying to unload their many many properties.
prop it up a bit longer by cutting interest rates, but it's going to crash pretty hard.
That, and a loose immigration policy (where I am). Is "people inflation" too crude a term?
I've seen many more houses come onto the market and sit in the last 6-9 months, and it hasn't really moved the needle.
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Yes, I saw an article recently about how 70% of listed homes have become "stale".
Even with high immigration, there will be a crash, because they won't have the financial means to sustain these prices.
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Every once in a while I see something that might work for us, but I repeat to myself, "make them pay," in a villainous voice, how I imagine @DarthCoin would say it.
My landlord has no idea how much he's helped me stack.
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Hard to hold down interest rates when you have to swell $7T USTs before Christmas.
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