People enjoy a windfall. When prices go down, that puts people in a good mood and they don't complain. Maybe it's hypocritical, but I don't see it as excusing / a rationale for being ok with inflation.
Seems speculative, predictions about the real estate prices dropping. I'd love to hear about falling house prices, but they'd have to fall quite a lot to undo the rises we've seen in the past decade. It's not been my perception that more people are buying instead of renting now -- I think buying is an option for fewer and fewer people each year. idk if housing prices fall but something else gets more expensive we'll probably be talking about that, yeah.
In Houston, when gas prices go up everyone complains about the price of gas. And when gas prices go down, everyone complains about unemployment.
I’d love to hear about falling house prices, but they’d have to fall quite a lot to undo the rises we’ve seen in the past decade.
People like to focus on a handful of crazy housing markets in big tech centers. But you can see the rise-and-fall happening in the wake of 2008 pretty clearly. Florida homes that were jacked up to $500k crashed back down into the low $100ks. Las Vegas and Phoenix went through the same boom-bust.
I doubt Zillow is going to nuke the whole market, but simply because they're not gobbling up homes with abandon that'll take air out.
People enjoy a windfall. When prices go down, that puts people in a good mood and they don't complain. Maybe it's hypocritical, but I don't see it as excusing / a rationale for being ok with inflation.
Seems speculative, predictions about the real estate prices dropping. I'd love to hear about falling house prices, but they'd have to fall quite a lot to undo the rises we've seen in the past decade. It's not been my perception that more people are buying instead of renting now -- I think buying is an option for fewer and fewer people each year. idk if housing prices fall but something else gets more expensive we'll probably be talking about that, yeah.
In Houston, when gas prices go up everyone complains about the price of gas. And when gas prices go down, everyone complains about unemployment.
People like to focus on a handful of crazy housing markets in big tech centers. But you can see the rise-and-fall happening in the wake of 2008 pretty clearly. Florida homes that were jacked up to $500k crashed back down into the low $100ks. Las Vegas and Phoenix went through the same boom-bust.
I doubt Zillow is going to nuke the whole market, but simply because they're not gobbling up homes with abandon that'll take air out.