robocall@lemmy.world to me_irl@lemmy.worldEnglish · 10 months agome🏠irllemmy.worldimagemessage-square75fedilinkarrow-up1953arrow-down119
arrow-up1934arrow-down1imageme🏠irllemmy.worldrobocall@lemmy.world to me_irl@lemmy.worldEnglish · 10 months agomessage-square75fedilink
minus-squareBlue_Morpho@lemmy.worldlinkfedilinkarrow-up5·10 months ago I’m hoping for a collapse in real estate It’s not going to happen. The last crash was 2008. Prices went down 30% which didn’t come close to offsetting the increases from the previous run up. https://dqydj.com/historical-home-prices/ At best there might be a long term oversupply from boomers dying. That would put long term pressure to lower prices. So if you wait 25 years you could have a house priced at what a house was 5 years ago.
It’s not going to happen. The last crash was 2008. Prices went down 30% which didn’t come close to offsetting the increases from the previous run up.
https://dqydj.com/historical-home-prices/
At best there might be a long term oversupply from boomers dying. That would put long term pressure to lower prices. So if you wait 25 years you could have a house priced at what a house was 5 years ago.