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Real estate market starting to
Comments
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People have been calling for a bubble to pop for the past 5 years. There is no bubble, just higher rates that have driven some buyers out. No more bidding wars, but supply and demand curves are still wildly out of whack. You just will not see 20% YTY appreciation.
I may be wrong on this, but I'm not seeing anything that says the market is going to crater by 50% as of today. The only IF is how bad of a recession we end up having. People need to lose jobs and be foreclosed for this to get bad, IMO. -
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Nothings changed with me POTDBleachedAnusDawg said:People have been calling for a bubble to pop for the past 5 years. There is no bubble, just higher rates that have driven some buyers out. No more bidding wars, but supply and demand curves are still wildly out of whack. You just will not see 20% YTY appreciation.
I may be wrong on this, but I'm not seeing anything that says the market is going to crater by 50% as of today. The only IF is how bad of a recession we end up having. People need to lose jobs and be foreclosed for this to get bad, IMO. -
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Houses in my county already have more price reductions in the last 30 days than all of last year combined.
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Real estate is a tool of white supremacy
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Pitchfork51 said:Real estate is a tool of white supremacy
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i read that article yesterday. i guess the big takeaway was:SFGbob said:
This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.
but i guess if you're a first time homebuyer youre a first time homebuyer?
but also in the article
Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.
im just spitballing here but maybe pick somewhere less costly to live?
lastly, article was written by a guy with the last name of 'pound,' how fitting. -
Biggest correlated demographic to wealth is age.rodmansrage said:
i read that article yesterday. i guess the big takeaway was:SFGbob said:
This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.
but i guess if you're a first time homebuyer youre a first time homebuyer?
but also in the article
Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.
im just spitballing here but maybe pick somewhere less costly to live?
lastly, article was written by a guy with the last name of 'pound,' how fitting. -
And that's why you are an anti-gay bigot sir.rodmansrage said:
i read that article yesterday. i guess the big takeaway was:SFGbob said:
This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.
but i guess if you're a first time homebuyer youre a first time homebuyer?
but also in the article
Location can also serve as a barrier to homebuyers in the community. Research from Zillow indicates that LGBTQ homeowners are more likely to live in urban areas than their cisgender peers, and that homes in areas that explicitly offer anti-discrimination protects can be $127,000 more expensive.
im just spitballing here but maybe pick somewhere less costly to live?
lastly, article was written by a guy with the last name of 'pound,' how fitting.
