May 27, 2022
9:09:19am
9:09:19am
Call me crazy but I kind of welcome the impending correction and could easily
see a 20% drop in average price within the next 18 months and frankly prices should drop, they are inflated a bit for sure.
Having said that, I think prices will rebound fairly quickly assuming we don’t do something stupid like start sending out federal checks to everyone to offset inflation!
Fact of the matter is that demand for housing still outpaces supply by quite a bit and with the pending deepening of a recession new housing starts will take a bit as well. We basically need several years of full blown construction to catch up with the demand and that’s just not going to happen for a while.
Having said that, I think prices will rebound fairly quickly assuming we don’t do something stupid like start sending out federal checks to everyone to offset inflation!
Fact of the matter is that demand for housing still outpaces supply by quite a bit and with the pending deepening of a recession new housing starts will take a bit as well. We basically need several years of full blown construction to catch up with the demand and that’s just not going to happen for a while.
Originally posted on May 27, 2022 at 9:09:19am
Message modified by GangstaLean on May 27, 2022 at 9:09:36am
Message modified by GangstaLean on May 27, 2022 at 9:10:29am
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