DOGE Is About To Wreck Real Estate Prices

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[RealEstateNinja]

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[IamJonny-ov]

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

[PASCALDAB]

I’m considering whether to retain $3 million in single-family rentals, we have $900, 000 left on mortgages. What is the possibility of maintaining $70, 000 annual income by selling and investing in stocks and bonds?

[CoretteLécuyer]

When I bought my first home in Miami in the early 1990s, mortgage rates were typically between 8 and 10 percent. Market players now need to understand that the historically low 3% rates might not come again. Many in the industry agree that if sellers are forced to list their properties, market forces will probably push prices lower, resulting in lower values.

[DonCurrier]

As a homeowner, I believe all housing is overpriced. Prices need to crash, as much as that will hurt my equity. People cannot afford to own a house these days. You need to make over 6 figures to own a home.

[troyblackford-dowell]

I bought one in 1992. Still own it. Best investment I made.

[susansauceda]

Tease. People have been saying this for months, and yet no one can afford these prices. I hope it all drops like a stone.

[abbyynorman]

Prices falling is a GOOD THING the market is bound as it always has to SHIFT! DOGE is doing good by America 🇺🇸

[garhent]

Please for the love of god lower housing prices for the young families. We need families in homes with children to keep the nation strong.

[EricsaintThayer]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[GeneCosby-ty]

One can only hope! Prices are too high - families squeezed out of the market, and property taxes + insurance rates keep rising (no breaks for those who own free and clear) A reset is NEEDED BADLY

[skyfinancellc]

If DOGE "wrecks" prices there must be something bad going on behind the scenes with those deals. DOGE is part of the *solution* to the problems with real estate prices.

[nicholasglade]

Thank god for DOGE and Elon. Our country is in a massive hole. So much in debt we could never repay it. So that not even our children's children could hope to pay it back. We have to cut government waste and fraud. Also, this is more of a reversion to the mean for housing prices anyway.

[bobbarnum]

Greed ruined real estate 2020 greedy people showed their colors and now it finally comes home to roost

[billysmith]

The overlords have decided that peasants are no longer allowed to own a home.. so.. here we are.. they are building 1000s of apartments near my house.. I mean slave quarters, not apartments. Sounds ridiculous but it’s 100% true..

[Brisbanesdaddy]

You cant wreck what has already been wrecked! Im a retired real estate appraiser. I have seen this coming for over a year. I see a 50% + drop in prices. Whats coming will make 2008-2009 look like a kids birthday party

[rolenrodes]

The cheapest prices can be found in Detroit, but anyone want to live there. Same with these 9 Cities...

[Roman-bj]

I won't believe it until I see it. It's been over 13 years and people still talking "it's going to bursts".

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[kimberlyhembree]

It is not bad. We will come out of this year in very good shape. The housing market is a balloon. Let it bust.