Rate of increase will slow, and people will quit over paying, but appraised

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Jul 9, 2021
9:25:42pm

BYUCougarsFan All-American

values will continue to slowly increase.

The market will slow but values won't fall substantially.

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BYUCougarsFan

Bio page: BYUCougarsFan
Joined: Aug 20, 2010
Last login: Jun 2, 2024
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Messages

Author

Time

POLL: Will house prices in Utah Valley go down substantially sometime in the

federer

7/9/21 9:24pm

Rate of increase will slow, and people will quit over paying, but appraised

BYUCougarsFan

7/9/21 9:25pm

Probably when the locals deplete their cash-out money, 2007 will happen all over again.

Ragnar Danneskjold

7/9/21 9:30pm

I keep hearing that another crash is very unlikely because the mortgage industry

federer

7/9/21 9:47pm

The crash happened because of a massive influx of easy money

Jericho

7/9/21 10:01pm

Just an ignorant hunch.

Ragnar Danneskjold

7/9/21 10:03pm

Flat at most.

JuicyJam

7/9/21 9:44pm

Nope. 2008 was overbuilding and sub prime drama. This ain’t that.

Future_Tacos

7/9/21 9:50pm

There is a new competitor in the market that couldn’t buy houses until 2012.

Charles Darwin

7/9/21 9:56pm

Yup. It’s ugly too.

Future_Tacos

7/9/21 10:03pm

I think that's probably true. However, do you think there will be less demand

federer

7/9/21 10:00pm

No. People will keep having tons of kids, and most of them won't move away

wannnacruise

7/9/21 9:55pm

Most people are having fewer kids, so will the prices of larger homes decrease?

federer

7/9/21 10:02pm

Don't think the size of house vs. number of kids is significant enough to make a

wannnacruise

7/9/21 10:20pm

Very unlikely.

BostonCougar

7/9/21 10:45pm

No. Supply and demand

roseyscenario

7/9/21 11:04pm

Considering most of the tech industry in Utah is in that valley. You will

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