This study is a tough one. It says the price appreciation is above trend.

Feb 23, 2022
10:43:07am

Socrates Johnson Truly Addicted User

Utah economy may also be above trend, IDK. It does look like the housing increase is way beyond any income increase. But there are other factors (how much housing is available in the short run, for example) that could mess with it.

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Socrates Johnson

Previous username: jkccoug
Bio page: Socrates Johnson
Joined: Jul 19, 2002
Last login: Jun 4, 2024
Total posts: 30,231 (2,125 FO)

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Messages

Author

Time

It's not a bubble. And it's substantially different than 2008

Future_Tacos

2/22/22 10:30pm

What happens when retirees put their cash into greater amount of less risk, more

BlackBart

2/22/22 10:32pm

Perhaps institutional dry powder picks up thousands more residential real estate

BlackBart

2/22/22 10:35pm

No need to assume that those properties will be sold. If Mom and Dad left houses

reddead

2/23/22 12:09am

It could be just a different type of bubble

Soul Rider

2/22/22 10:43pm

A bubble is a bubble. Unjustified prices of assets. Interest rates would really

shamc

2/22/22 10:52pm

Nobody will want to sell their homes. It will keep supply at a minimum

cougaman

2/22/22 11:00pm

If people believe this is a 2006 bubble, they will try to sell to beat a crash.

BikeGuy

2/22/22 11:13pm

Investors maybe, but not primary home owners. It will still be low inventory.

cougaman

2/22/22 11:37pm

But if my properties are generating revenue, why would I sell? 2008 was diff

reddead

2/23/22 12:13am

Do rents decrease in a crash? I do not know the answer, that's why I ask

Doogal McCougar

2/23/22 8:06am

Hard to say, but there are always renters in a crash

reddead

2/23/22 12:49pm

Correct. The 08 crash was due to bad loans. Those loans don't exists anymore.

SoValleyCOUG

2/22/22 11:31pm

That’s what everybody said in 2006.

stenso

2/22/22 11:50pm

Different, but still a 3 sigma bubble event.

Spine

2/23/22 12:06am

It is a bubble even if it's different. All bubbles pop.

grosven

2/23/22 1:35am

Call it what you will. The fact is rates are going up ~1.75% this year &

Socrates Johnson

2/23/22 4:51am

For the SLC region, I dont think it is a bubble. I think homes were undervalued

panacablue

2/23/22 6:14am

Yet studies are saying Utah has one of the most overvalued home markets

Soul Rider

2/23/22 8:56am

RE: Yet studies are saying Utah has one of the most overvalued home markets

panacablue

2/23/22 9:54am

This study is a tough one. It says the price appreciation is above trend.

Socrates Johnson

2/23/22 10:43am

SLC has got to be one of the worst. We’ll see.

grosven

2/24/22 4:28pm

<< Deleted >>

mokelembembe

2/23/22 6:55am

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