"House prices will go up every year for the next 5 years."

01:40 PM

Cliffs: I'm positive the real estate market will not go down in the next 5 years

Supply and demand.. there are more buyers than sellers

Less inventory have half of the new inventory we had in 2007..

"House prices will go up every year for the next 5 years."

There’s a housing shortage. He’s right

There will always be a housing shortage. The question is going to sh*t to are people able to actually purchase a house or is the price going to keep rising at these rates.

Someone looking to buy with the standard 20% down two years ago won’t be able to save enough to keep up with the market. So it will be interesting to see if wages keep up with this market or if more people are willing to do 5% down with rates like this.

Lots and lots of buyers. Interest rates only curb growth, it won't dramatically lower any prices unless demand in your area was weak to begin with.

Not enough people avaliable to build more houses, they gonna have to start making robots to do that sh*t. Supply chain shortage still, lumber is the highest it’s ever been. And increasingly more people wanting to buy a house and not enough inventory sh*ts gonna skyrocket in a few years.

Sitting on this 2.2% rate that we might never ever see

Nope as a agent in pa & nj I already see sh*t turning

Nice houses that would have been gone in a week have been sitting for a month some over

Plus interest rates are too high people are complaining and choosing to wait

It’ll be a buyers market again by next year

That’s not how that works

That’s not how any of this works.

FOMO will slow up as more folks hold back waiting for a bargain.

High rent won't make high interest rates unattractive. Put more down and k.i.m. my n*ggas

GoldBluded said

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Cliffs: I'm positive the real estate market will not go down in the next 5 years

Supply and demand.. there are more buyers than sellers

Less inventory have half of the new inventory we had in 2007..

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"House prices will go up every year for the next 5 years."

House prices are going down in certain areas now. Other areas where there is growth, prices are not going to go down. But, everything is a domino effect. Like the 2008 real estate bubble didn't hit everywhere at once. But things came around full circle for most of the nation by 2011.

GoldBluded said

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Cliffs: I'm positive the real estate market will not go down in the next 5 years

Supply and demand.. there are more buyers than sellers

Less inventory have half of the new inventory we had in 2007..

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"House prices will go up every year for the next 5 years."

this guys a fu*king dinosaur lol there is no coming back from this , it's when not if @ this point and it's going to be ugly. the us is already a 3rd world country in denial lol

That’s what I like to hear. He’s not wrong. For the first time in history, rates went up, and home prices did as well. Recession is the sh*t you see on tv everyday when you ain’t doing sh*t. Get out and make that bread!

unit321 said

House prices are going down in certain areas now. Other areas where there is growth, prices are not going to go down. But, everything is a domino effect. Like the 2008 real estate bubble didn't hit everywhere at once. But things came around full circle for most of the nation by 2011.

but thats not the same thing 2008 was bad loans given to banks...this demand out pacing supply

Oh well, we brought our house eight years ago.

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Mr.Green E.U.I. said

Nope as a agent in pa & nj I already see sh*t turning

Nice houses that would have been gone in a week have been sitting for a month some over

Plus interest rates are too high people are complaining and choosing to wait

It’ll be a buyers market again by next year

My thing is and what I am not understanding I see more and more new homes being built. Especially in my area. But all these homes are 400k and up.

What I am wondering is where people are getting all this money to afford these homes. Not only that two new luxury apartment complexes were built near me as well.

Some how people are able to afford all this.

Sammyboi22 said

There will always be a housing shortage. The question is going to sh*t to are people able to actually purchase a house or is the price going to keep rising at these rates.

Someone looking to buy with the standard 20% down two years ago won’t be able to save enough to keep up with the market. So it will be interesting to see if wages keep up with this market or if more people are willing to do 5% down with rates like this.

No one puts down 20%. That was long ago when houses were 80,000. Nowadays 3 to 5%

Ofcourse it will
And more cities will get gentrified

Poverty and crime will increase

Immigrantion and inflation

Mr Untouchable said

Oh well, we brought our house eight years ago.

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Same. But I'm trying to move

J.BEEZY said

Same. But I'm trying to move

We are not moving anywhere.

The houses on my street have all been pretty much renovated or updated within the last 10-15 years.

So if we ever do sell we will definitely make some bread off of it.

authenic said

but thats not the same thing 2008 was bad loans given to banks...this demand out pacing supply

Exactly. I am tired of people comparing this to 2008. It's completely two different situations. Banks were giving out bad loans and they had incentive to do that because investors were putting those loans into securities that had better rates than fed backed securities. It was estimated that a record 40% of homes purchased were only vacation homes and not even intended as primary residences. You not getting away with that sh!t today.

Anyway, bought my house in 2009 and I'll be here the rest of my life.

Prices will decrease as cheap money will go away and we ste going to see super high interest rates. People have stupidly gone back to interest only loans, there will be another foreclosure crisis.

Inflation is a real problem, in the 80s under Reagan to stop it rates were over 15%.

Mr.Green E.U.I. said

Nope as a agent in pa & nj I already see sh*t turning

Nice houses that would have been gone in a week have been sitting for a month some over

Plus interest rates are too high people are complaining and choosing to wait

It’ll be a buyers market again by next year

I got a listing that’s about to close hopefully next week

Listed it in April when interest rates was low

Literally showed it one weekend multiple offers

2 homes on that same block listed lower still sitting

I do think prices have to come down a bit but not that crazy…

Like nothing under 10-15% price drops imho