Additional Posts
Does Salesforce pay as well as FAANG?
opportunities after DAT?
Coach
Has anyone heard of Riskifield?
Rising Star
Selective hearing, happens all the time
A little humor as we head to 20k
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Rising Star
“bUt ThIs tIMe THereS hArdLy aNy RisK iN tHe LoaNs”
Chief
I doubt it. Housing has increased a lot in pretty much every area that has jobs + interest rates have been extremely low for a 10 years. I don’t see any strong factors that could raise real prices, but inflation could increase nominal prices more
Next 5 years will be great for real estate owners for many of the growth areas in the country. Pent up demand and people flocking from high cost cities and states. Interest rates will stay low. Surging lumber and labor prices will raise the price of existing houses as supply stays low. Industries like tech where work form home will become a larger trend tend to have higher salaries - people will want more space.
Depends on what happens with COVID and the economy.
Even if we get the sleepy joe stimulus the music has to stop at some point right? Or is government gonna prop up business until inflation is higher than snoop dog and Elon Musk?
also if the fed gets brave enough to go sub zero with rates
Huh maybe in your area, that's def not what I'm seeing in my city (currently casually looking, hoping for a deal)
Didn’t say you were? Just talking about where I live. Which city are you living in?
Inflation is a comin. Real estate soar over the next 5 years.
Chief
Yes if you believe there will be inflation. Borrow now and pay it back later with inflated dollars. I’d argue super low interest rates have inflated home prices already. Higher interest rates could reduce affordability and stagnate prices.
The economy didn’t crash because housing prices were high. And it’s pretty unlikely for two crashes to be caused by the same thing anyway
Chief
I don’t see a housing crash coming. People are buying homes for rational reasons and have the financial means to take out loans. During the housing bubble people were buying 3 and 4 houses with “liar loans” they couldn’t afford.
The federal reserve has marked the bottom with an X, they will not allow interest rates to rise and will backstop the financial markets no matter what. Until proven otherwise, “the fed has your back”