This Has To Happen Before Housing Prices Come Down

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[Malcovich]

One simple fact: anyone who locked in lower interest rate (purchase or refi) will not sell their home to buy another home at higher interest rate. That's why there's a shortage

[bdvisuals_]

There is no shortage... they are just rich people owning multiple houses...

[IMChrysalis]

I look around my own city... brand new apartment buildings and homes everywhere, sitting empty because no one can afford them... the prices are ridiculously high. Tiny little older homes are priced at hundreds of thousands of dollars... it's insane!

[karlkarlson]

I haven't seen a shortage in my area, just a lot of over priced homes owned by the same group and individuals. Seller shortage here😢

[MikieGoodwin-bb]

I love how 20+ years later there's still a "housing shortage" meanwhile more housing gets built and simultaneously more people become homeless. The middle and actual working class is long gone. Like you can't even rent an "low income" apartment unless you make 60k

[carvedwood]

There isn't a real shortage. There are investors sitting on vacant properties.

[ryanweston]

Residential real estate should NOT be allowed to be purchased by large corporations.

[NicholasBall]

Housing prices are unlikely to significantly decrease until there's a substantial increase in housing supply. In the USA, there's a shortage of millions of housing units, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply. I'm considering purchasing affordable houses in 2024 and possibly venturing into stock investments. When is the best time to enter the stock market? Some people say it is profitable, but others say it's risky. Any advice?

[NickRaeff]

I’m shopping real estate in my city in NC. I promise you, as I search, houses have MORE THAN DOUBLED in cost since 2017. Nothing fancy, either! 3 bed, 2 bath, small yard, no garage. $400k.
Ridiculous.

[thein]

The shift has already started!! Look every where they have dropped over 5% every where lol no one wants to pay 20%-30% over the price of the home and then get stuffed with an 8% rate at BEST

[mg-byuu]

Man who profits from people buying real estate tells large group of people to keep buying real estate

[tedd]

People have short memories.
I heard the exact same narrative in 2008-2011
2008 AZ house $400k
2012 AZ house $100k.

[Teknycole]

There are tons of homes available, the difference is the $150, 000 homes are now $250, 000. The $250, 000 homes are 350+ and so on. One thing that hasnt changed is how much jobs pay their employees that give valuable time of their life to make shit pay and struggle. Daycare is an arm and a leg, cost of living costs your life almost. It cant go on forever without some kind of implosion. Needs to happen soon. Before long it will be pointless to be rich because the economy will crash and everyone will strike/protest and what will that leave them? This is very far from what freedom should feel like. Its embarassing to be alive in the united states.

[blackspiderman]

What Dave forgetting is that when you can't afford to buy, then demand will go down. Meaning prices will go down while simultaneously more houses will be hitting the market and more homes will be hitting the market because inflation is effecting people pockets.

[ottoscheffler]

If a few of the big investors decide to, or are forced to sell, the inventory will spike rapidly. I dont think too many homeowners will sell, but investors and second property owners will. The demand is so low, that it wont take much for the inventory to outgrow demand.

[yinmn]

That supply/demand curve only works if the residential housing market works how it’s supposed to. But there are so many private equity firms that own residential real estate that when they try to all sell at once the market will crash

[Insect]

They built a brand new house down my street and it is 3 bedroom 1 bathroom for 800k. How is anyone going to be to afford that.

[artymunoz]

They’re just building new homes that cost 500k
And think about it. When someone buys a house they do 1 of 2 things. Rent it out to make more money or they live in it and build equity to make more money off the house. They aren’t going to cut the price by 100k

[ZippingLake]

Investors made this crap what it is now. This should not be the way it is. A house shouldn’t just be a commodity like stuff bought in a store. SMH

[skipdegraff]

My home 240K value went to 440k last year and now this year 612k.
it sucks because I don't want to move. SO.... TAXES 1500 NOW 8300
MORE PEOPLE WILL LOSE THEIR HOME OVER TAXES THAN FORECLOSURE
JUST LIKE THE DEPRESSION