SAJ-99
Well-known member
Listening to a guy that says he is an expert because he went through the last housing crisis (when he was like 15) might not be the best idea…you know, financially speaking. But not advice.
Housing Appreciation and Inflation: Future Outlook?
- Thread starter Sytes
- Start date
ismith
Well-known member
How old are you, if you don't mind me asking? Also, are you an "expert" on anything?
SAJ-99
Well-known member
None of that matters. But I'm good at knowing when to ask more questions on a chart. No one is doubting the price decline, but it is New homes only, and builders show a lot more flexibility in pricing. You also need a volume chart, like below. Builders were complicit in the previous housing crisis by overbuilding. In this cycle they have been underbuilding. There is no comparison. If prices collapse this time, it will be for different reasons.
But yeah, I am annoyed by the trend of people rooting against the prosperity of the USofA.
Nick87
Well-known member
From 2920 to current that chart pretty much mirrors interest rates. Well doesn't mirror because it's opposite. Help me out with the big words here.
SAJ-99
Well-known member
Exactly. And that was what the Fed was targeting in raising rates. Explaining that doesn’t generate page views like the phrases “bursting bubbles” and “crash”.From 2920 to current that chart pretty much mirrors interest rates. Well doesn't mirror because it's opposite. Help me out with the big words here.
Nick87
Well-known member
If I had a dollar for everyone of those videos or headlines I've seen for the last 4 years. Not saying it couldn't happen. It just hasn't.
