Wondering when the market will crash. Late this year or early next. Any thoughts? Trying to figure out the best time to sell my house without losing money on it. Based in Detroit suburbs.

like
Posting as :
works at
You are currently posting as works at

House prices will increase 20% year over year, I've been studying the market since 2020. I bought a 4th home and paid $100k over asking, which is cheap considering I was the only buyer bidding. Even the bank doesn't agree with my valuation lol. Best to get financial advice from TikTok. Bands don't know anything

funny

Probably won’t. Maybe it’ll slow down. Inventory is still incredibly low. This isn’t at all like in ‘08 so I wouldn’t hold your breath.

like

Maybe never.

like

The news for real estate is generally 3-6 months behind the actual market trend. All across the board seeing more homes on the market, for longer, and at lower prices. Now we see announcements like BOA giving out zero down payments mortgages - literally a repeat of 08. Just remember, if you are having this thought about selling to lock in profits, so is everyone else. The time is coming...

like

This isn’t 08. Certain markets will for sure drop in price and some more than others but the housing market isn’t likely to suddenly “crash”. There are 85 million Americans between the ages of 25 and 44 and there aren’t nearly enough houses for them to buy.

Leading up to 2008 the housing market was in part driven by fundamental issues in mortgage lending and when those easy and cheap loans went away, so did the demand. The millions of people who want to buy property aren’t going vanish in the same fashion. The combo of higher rates + higher prices may force some into a more conservative mindset and a longer approach to buying a home, but they aren’t going to suddenly drop out of the market. And everyone who owns a home isn’t suddenly going to want to sell it.

like

I agree. Very well articulated as op mentioned

like

Anyone who would say there will not be a crash is delusional. Depends on what your definition of crash is.Pandemic boom markets might see a bigger drop. Prices peaked in May and are coming down since then. Nationally median prices came down 0.77% which is laregest decline in more than a decade. With rates rising above 6 and inflation not coming down, prices are only setup to fall further.

like

Pm1 go ahead and save this response in notepad for future pasting

funny

No one knows what the future holds for the market. If you need/want to sell soon you are already facing higher interest rates and going into winter on the downside but low inventory on the upside. You can try now or hold off until early spring. We if you don’t need to sell and have some years in case the market turns down for a short time then wait. Unless there are unique negative factors , RE is a solid long term investment.

like

Do a self check: are you employed? That indicator says there is a lowered chance of the market crashing. Are you unemployed? That indicator says there is an elevated risk of the market crashing

like

The market is so hot that the fed literally had to turn the money off in order to prevent housing prices from shooting straight to the moon. There won’t be a crash any time soon. It may take decades before we see a 2008-style crash again

like

Exactly. Just keep buying homes. If we all keep buying, home prices cannot go down. Offer above asking always, that pushes process up. I just bought my 4th home.

It may never crash. Prices (at least in the Houston area) are definitely coming down though.

We still have houses selling $100k over asking where I am.

Same - have seen a huge increase in inventory, days on market, and price drops and a big drop in houses under contract within 7 days of hitting the market in the past month or so. Houses are ~30% less affordable compared to a year ago, but prices are still up ~5% to 10% compared to a year ago.

Your market may vary, but the big markets are already seeing a noticeable shift.

like

The first quarter of next year... the market is cooling down in Miami!

If the market crashes, interest rates will drop, and then property values will increase due to supply constraints.

A hope everyone has a great day !!!

Post Photo

Related Posts

Any of you have EOS coins...Which wallet are you using to store them?

If I’m rolling over a 401k and a Roth 401k from outside employer, do I need two different accounts to roll that into @EY or does the standard ey fidelity 401k take both of those

like

Incoming EY SM. Can anyone tell me who EY’s pension provider is please? thank you!

I’ve been listening to “millionaires unveiled” (highly recommend for FIRE content) and it seems like every other guest ends up doing real estate investing. If you do it, what books or online courses would you recommend to get started? If you have experience in real estate investing, would you ultimately recommend it?

like

Hi guys. Quite tensed regarding the tax that I would need to pay for my salary. So I have posted my offered compensation by IBM .
So my taxable income is: 16,50,000(Income) - Standard Deduction(50,000) - 80C Deductions(1,50,000) - Interest on Edu Loan(48,500) - Professional tax(2400)
= 13,99,100.
So anyone who is familiar with this tax deduction, can u plz tell me how much tax I would need to pay per month?
Any valuable input would be of immense help.

Post Photo
likefunny

Any analysts/associates consider moving to alternative AM? Maybe FoF or doing secondaries and co-investments in PE?

like

Does buying/selling from USD wallet on Coinbase settle instantly or does it also take a few days to settle?

Considering buying a triplex in the Bay Area. To be competitive I’d need to be able to close quickly. Any insight on bridge/private/hard money options? Just want to be sure I can refinance to a conventional loan after closing.

like

When’s the last date you can do backdoor roth IRA for 2021? Is it by the calendar year (dec 31,2021) or tax day (april 2022)?

likehelpful

Anyone regularly buy bonds from treasury direct? I'm considering buying EE bonds for each of my young kids now plus setting up a small but recurring I bond monthly purchase for myself.

like

Anyone here over 70% in VOO or VTI? Is that a smart move for less-involved investor?

like

Hurrah! We have 93 members! But no one posts or comments lol. Anyone getting Second Life vibes from all these 3D worlds and brand investments? A decade ago Best Buy was serving people in 3D with SL.

By investing 50k/annum in NPS I can save 15k tax per year.. Suggest me I should opt for NPS or not?

Anyone have a good (and not exorbitantly expensive) accountant? My taxes have gotten more complicated than TurboTax and I can handle this year

like

Anyone have any recommendations for an ETF for a back-door Roth IRA? I’m 28, so can take some risk.

like

I am an engineer, but want to get another degree in biology. But even though it's my passion I'm worried that I won't be able to get a job quickly, I have a loan to study and I'm too young to declare bankruptcy. Any hope?

like
like

Stocks for unlimited profit?

like

Instead of forgiving student loans. I have a great idea for the govt to spend money. Give free AirPods and ashtrays to all the people on the subway who don’t seem to have neither.

likefunnysmarthelpful

What does FIRE actually look like for yall? Does that mean you literally dont work anymore and just plan to take distributions out from retirement/savings? Or just not work in a company but still rely on some type of passive income like monthly rental income or a passion proj turned business?

like

More Posts

DM or reply if interested

Post Photo
like

Any recommendations for case /structured interview coaches you’ve used?

Post some interesting facts about MCity Infosys

Hi everyone. This is probably not the best place to post this but searching for options everywhere right now. My mom is in an abusive living situation with the father of my siblings and I’m trying to find a place for her live. I live in DC and she has a stable job in Atl so living with me is not an option. She is unable to get an apartment due to poor credit and rental history. I’m willing to handle her rent, etc. If anyone is renting out a space or aware of someone who is please lmk.

like
Post Gif
like

How is Impetus, After joining the company do we need to give interview to get into projects?

like

Atlanta job openings?

like

M/24 - 6'1 - Believer of the higher self. Yogi. Reiki Practitioner.
Looking for some amazing ladies to get rid of the lockdown boredom and form healthy connections. Drop a text. :D

Freaking out - I accidentally passed a school bus with yellow flashing lights. There was no stop sign out and I just blanked. Luckily the bus was empty and no kids getting on or off but can’t stop stressing about the fine.

like

It's NYC Broadway week with some good discounts. Anyone going to watch any shows? Thinking of going to "The Play that goes wrong"

like

Is anyone else finding it difficult to get a raise this year because of market conditions? I moved from a business analyst role to a management role and didn't get a raise even though I'm taking on significantly more work. The terrible market conditions are what my boss pointed to. Is this happening at other companies also?

likehelpful

Do pwc has superannuation scheme. I wanted to transfer my superannuation fund from my current company so wanted to check if Pwc has that scheme. Couldn't find such mention in offer letter. kindly reply.

like

Hi Guys,
I have received offer from IBM (Role: SSE) and Tech Mahindra (Role: Tech Lead , Higher Package).

Which one should I join?

Thanks

like

Hello fishes,

I have a new born daughter and want to claim the hospitalization bills.
can some help me with some link or steps to claim the hospitalization bills.

like

Hi All, I am going to join EY on 29th of March. By when I will be getting my first hike. Generally how much yearly hike and bonus they provide?

like

Anyone of you here based in NYC?

like

Is it reasonable to ask for three weeks before joining a new company? I was thinking a two week notice and a week vacation to take a breath. What do you think ?

like

Volvo’s commercial for its SUV where they turned MO’s “Lean On” lyrics from “Blow a kiss, fire a gun” to “Blow a kiss into the sun” with a child...thoughts?

A spicy cheesy pastrami/corned beef hash with a side of bacon and (slightly over) poached eggs

Post Photo
like

How hard it is to break into Tokyo? I want to relocate from South America but having no sucess in contating agencies

Additional Posts in The Real Estate Bowl

Considering buying a triplex in the Bay Area. To be competitive I’d need to be able to close quickly. Any insight on bridge/private/hard money options? Just want to be sure I can refinance to a conventional loan after closing.

like

Serious question. What stops most people from investing in rental property? If you have two why not twenty? Is it strictly access to financing?

like

Is going with the lowest interest rate always the best option for home financing? Or one should consider taking a higher interest rate but with more lender credit?

like

Thinking about relocating in a year or two, considering renting out our 55 year old townhouse vs selling. I have some concerns that the bones are pretty mediocre (old plumbing has leaked for me, electrical is aluminum). How would you decide and if renting, how do you budget differently for repairs?

Further context: I already rent out a tiny condo I have by using a property manager, and if I kept this townhouse I'd turn management over to them as well.

like

Anyone investing in houston? I was thinking of Dallas and Austin initially but price is so high so wondering if there are other texas cities where I could invest in a sfh.

like

Are commercial properties easy to get into/manage compared to rental property homes? What steps would I need to start with commercial properties (ex broker, lawyer, etc)?

like

Is 2.875 rate for 30 year with -860 credit a good deal ?

like

In a multifamily home that i own and live in facing lot of trash problem with the street trash getting caught in the hedges/bushes. Fencing might solve the issue but is it worth spending 6-10m on this gives this is an investment property and this does not necessarily add any separate value per se? The trash stuck on my property does bother me and i do intend to live here atleast 1-2 years more. Thoughts?

like

Looking for an attorney recommendation.

Situation: Seller didn’t disclose in disclosures that they finished basement without a permit. The city came back and confirmed that the work they performed requires a permit. Seller is unwilling to return back the earnest money.

Looking for an attorney to weigh in on the situation and comment on the chances of me getting my EM if I file a case against the seller.

like

Hi all- I’m new to real estate investing. What are some books/ reading materials you would recommend to learn about selecting the right investment property, things to look out for, laws etc.?

like