>>61926272
Did you fall for the people are poor meme?

>>61926272
What are you talking about? Average home prices all over the country are double digits below ATH

collusion - boomers refuse to sell. and the state governments are making it worse by getting rid of property taxes.

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>>61926272
You voted for this

>>61926272
People can't afford to sell and buyers can't afford to buy. Just because no one is buying doesn't mean sellers can just knock off hundreds of thousands of dollars, they borrowed money to buy their speculative asset and the bank or mobster wants their money back.

Eventually they will start to default as job losses spiral out of control which will cause bank sales and prices to drop. Expect the government to backstop the death spiral by telling the treasury to buy the mortgages.

They'll freeze the market and keep it in this stalemate until inflation catches up.

>>61926272
Don’t worry. In about two weeks the housing market will crash then you can finally get in. Just a little bit more waiting.

All investment comes with risk. Unless it's a house. Then fuck you, I got mine, I know what I have.

>>61926272
house prices haven't gone up, the value of the dollar has gone down. The dollar always goes down. It's designed to go down. It's going to keep going down.

so to fools like you that don't understand the dollar is going to keep going down, what you see is houses keep going up. But they're not going up. They cost exactly the same amount they always have.

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>>61926272
>And for my next act

>>61926272
refuges everywhere

>>61926341
people are poor they're also incredibly leveraged

>>61926351
>double digits below ATH
so -$10.00

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>a hole in the wall in my city near nigger package thieves goes for $1.1m
>sells in a month, tops
You either have money or you don’t. And the people who do, have a lot of it.

>>61926341
people are poor. the only people buying homes are people who already own homes non homeowners who are 80th percentile income or above.

t. 80th percentile income or above

>>61926272
because people need a place to live and also a lot of people like to show off like they are rich and for the former, there have not been enough houses built in the past 17 years and for the latter, there is a sucker born every minute.

>>61926272
There’s not enough housing where people want to live.

No one is selling. 80% of homeowners are stuck with sub 4% interest rate mortgages.

So we're in a new catch 22 state where the market can't dump because the monthlies in existence are still affordable, even if the new prices aren't.

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>>61926272
>The bubble inflated more
>how is this possible

>>61926272
Retard
Why the fuck should home prices dump when we already have a supply constraint and insane labor and material costs keep new homes even more expensive then used homes
At best you'll see a 5% correction over 12months but most likely youll see 3% increase in price per year for the next 10 years

>>61926272
Excellent I already own my house.

>>61931190
>le buble

Got rid of the home builders ese