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Apr 9, 2021
12:07
:52
am
CosmoK
All-American
You have foreclosures and sales to prevent default. . .
For over a year now, if you were in a home you couldn't afford, the very best advice was to just stay. . .
I don't know what affect it had, but it's part of it.
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CosmoK
New username
Madam Pattirini
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CosmoK
Joined
Jun 21, 2003
Last login
Jul 28, 2021
Total posts
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Messages
Author
Time
How much of the housing price boom is due to the foreclosure and eviction ban?
stenso
4/8/21 11:04pm
4million homes in forbearance
Nat Gas Man
4/8/21 11:09pm
I think that number is a little inflated.
CougCoug3
4/8/21 11:10pm
It's very inflated. The vast majority of those just took advantage of it.
breakingblue
4/9/21 12:00am
This is probably true. But if they are unemployed they will not
Nat Gas Man
4/9/21 10:59am
In most areas homeowners have equity, they're not going to let their homes go
BYUFBDAD
4/9/21 11:20am
It’s also inflated because the government is mandating that they can have a
cougarfann888
4/9/21 11:41am
I think a large portion of the inventory shortage is also sellers that don't
BYUFBDAD
4/8/21 11:09pm
I know several people that want to sell, but there’s nothing to buy
JOPE
4/8/21 11:12pm
I also know a family that cashed out last year because they thought the market was nearing the top
JOPE
4/8/21 11:15pm
There’s a senior missionary couple serving in my ward
cougarfann888
4/8/21 11:24pm
Prices aren't going to go down. The cost to build is out of control.
breakingblue
4/9/21 12:01am
Cost has little to do with price.
ToasterChive
4/9/21 12:58am
Expensive lumber limits new housing supply which raises the price
novacoug1
4/9/21 6:13am
But that won't last
IrishBlue
4/9/21 7:39am
There’s a difference between expensive lumber and a scarcity of lumber.
ToasterChive
4/10/21 10:58pm
You have foreclosures and sales to prevent default. . .
CosmoK
4/9/21 12:07am
Good point. There is still a moratorium on evictions right now for the past year
septicpumper
4/9/21 7:29am
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