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Oct 15, 2021
8:05
:43
am
Hotlanta
Truly Addicted User
I think multi-generational housing will become more and more common in the US
It's very common in other countries, especially in the far East where it's simply too expensive to buy your own home.
That aspect of American culture will nees to change.
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Hotlanta
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Hotlanta
Joined
Apr 12, 2021
Last login
Nov 25, 2022
Total posts
10,023 (299 FO)
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Messages
Author
Time
Ouch....I knew real estate was rising in Utah...but I always get whiplash seeing the #'s....
mokelembembe
Truly Addicted User
10/15/21 7:14am
We were considering moving back to the west.
IGlowInTheDark
10/15/21 7:21am
Lol this is like over half of the reason why I left
Hotlanta
10/15/21 7:23am
So you’re saying that not buying property in Summit county like I thought of
NOCAL_YFAN
10/15/21 7:24am
It will correct.. it always does…
crm48
10/15/21 7:31am
What if this *IS* the correction
Mike Honcho
10/15/21 7:33am
It's not gonna be like the 2008 crash, people who keep waiting for it to correct
RockyBalboa
10/15/21 7:33am
I think you are probably right. But. . .
Madam Pattirini
10/15/21 7:40am
No doubt.
RockyBalboa
10/15/21 7:54am
Correct means slow down, imo. I don't think it's going to crash to 5 years ago
LiveCoug
10/15/21 7:34am
Laws of economics will catch up with this artificial economy we are in… prices are high in many sectors due to increases
crm48
10/15/21 8:08am
Supply is 5-10 years behind right now.
YSMACK
10/15/21 8:19am
Your first statement is what exactly causes sharp corrections… “gaps” in demand and supply leading to record ramps in
crm48
10/15/21 8:28am
Sharp? Sure, maybe. Soon? Not likely.
YSMACK
10/15/21 8:39am
If that’s the case, it will need to be something that continues to disrupt the supply chain over that period… because in
crm48
10/15/21 8:50am
How bad of a collapse do you expect?
Hotlanta
10/15/21 8:54am
My belief is that a timing of a big correction will be when slowing demand will meet up with these huge influxes in
crm48
10/15/21 9:37am
SLC is like Denver 15 years ago. Prices shot up considerably and never came back
WDaddy
10/15/21 7:35am
Theirs were all move ins. In Utah you have lots of "i want to stay in zion" folk
fulano
10/15/21 7:38am
I keep hearing it's driven by Californians....
TheHop
10/15/21 7:40am
That is happening all over the west but our home grown demand is an added factor
fulano
10/15/21 7:43am
Everyone loves to blame it on Californians, but every time a new family moves
wannnacruise
10/15/21 7:54am
I guess. But SLC prices are behaving similarly.
WDaddy
10/15/21 7:43am
U-Haul publishes some data re rates of migration to/from states. Utah slowed in
Abe Froman
10/15/21 8:48am
Sure, downtown markets will hold much better dude to new supply constraints and the demand in those markets… I wouldn’t
crm48
10/15/21 8:10am
Even a catastrophic correction wouldn't drop below the recent moonshot
Hotlanta
10/15/21 7:36am
It has already started to correct, ie level off, but it’s not going to crash.
Junior Deputy
10/15/21 7:41am
Incorrect
Backcountry
10/15/21 7:56am
We're still at LEAST 5 years away from catching up w inventory needs.
YSMACK
10/15/21 7:59am
Maybe so, but the longer these spikes in demand last, at lease historically, the sharper the fall…I don’t think it takes
crm48
10/15/21 8:18am
If it takes 5 years Utah is in trouble.
rad dawg
10/15/21 8:22am
5 is the low end estimate.
YSMACK
10/15/21 8:28am
Im early 30s but most of us arent pooping bricks.
rad dawg
10/15/21 7:39am
My house more than double in price in less than 8 years. It's insane. I hope my
Benfica1
10/15/21 7:59am
I think multi-generational housing will become more and more common in the US
Hotlanta
10/15/21 8:05am
It might even be forced if we just let the carbon rowd takeover like seems to be happening. You don't get the option of
mokelembembe
10/15/21 8:35am
Step back from the ledge
Hotlanta
10/15/21 8:38am
They'll be some exemptions of course. The Nancy Pelosi's of the world won't have to abide by it. But some guy that sells
mokelembembe
10/15/21 8:46am
My grandparents thought the same thing about my parents.
JohnnyC
10/15/21 8:31am
We used to live in Utah, and were considering moving back
MapCoug
10/15/21 8:44am
There are tons, how close do you need to be to what size airport?
Hotlanta
10/15/21 8:47am
RE: There are tons, how close do you need to be to what size airport?
MapCoug
10/15/21 9:38am
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