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

Jul 9, 2021
9:47:10pm

federer Starter

has stricter regulations. As stated below, it looks like mortgages are mostly going to people who have great credit scores and are putting down large down payments.

Fortune

No, we are not in another housing bubble

Loans are mostly being made to those with high credit scores and sizable down payments, the exact opposite of the subprime housing boom.

https://fortune.com/2021/04/16/are-we-in-a-housing-bubble-covid-real-estate-prices/

What factors lead you to think otherwise?

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federer

Bio page: federer
Joined: Dec 15, 2009
Last login: May 2, 2024
Total posts: 2,392 (1 FO)

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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

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

No, we are not in another housing bubble

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