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Sep 28, 2022
9:10
:07
am
TailgateU
All-American
Same concept, different range. But if you don't sell then price doesn't matter.
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TailgateU
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TailgateU
Joined
Aug 16, 2017
Last login
May 14, 2024
Total posts
10,702 (6 FO)
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Messages
Author
Time
Remember the realtors who said home prices wouldn't go down with rising rates?
SausageKing
9/28/22 8:54am
To be fair mine has barely gone down at all . But I know it’s coming
gmoney7
9/28/22 8:56am
Oh it’s gone down alright. You just don’t see it till you sell.
FromCAtoUT
9/28/22 8:57am
Well i don’t plan on selling for 10-15 years so I guess it’s irrelevant to me. I also live in so cal so maybe it’s diff.
gmoney7
9/28/22 8:58am
Same concept, different range. But if you don't sell then price doesn't matter.
TailgateU
9/28/22 9:10am
I’m getting gme/amc vibes with that line
gmoney7
9/28/22 9:46am
Unless there is a significant economic downtown, I don't think real estate prices will drop as much as the rising
Non-mo Coug
9/28/22 8:59am
RE: Unless there is a significant economic downtown, I don't think real estate
Doogal McCougar
9/28/22 9:05am
Politicians either
TNT
9/28/22 8:56am
RE: Remember the realtors who said home prices wouldn't go down with rising
vagabonder
9/28/22 8:56am
If you believe them that’s kind of on you, why would you ever believe someone that has a conflict of interest?
JOPE
9/28/22 8:57am
Realtors’ livelihood depends on convincing people it’s always a good time to buy
cougarbart
9/28/22 8:57am
it's like ward parties. Have you eve heard local church leadership be like nah,
Mayor of Cougartown
9/28/22 9:10am
There was a period of time when we could have sold our home for maybe $950K+...
Coug
9/28/22 8:59am
Utah?
demon_llama
9/28/22 9:21am
Texas
Coug
9/28/22 9:27am
Been crickets on my home listing.
cougfanz
9/28/22 9:02am
There’s not a single house on my watch list that hasn’t dropped at least 10% in the last 2 months.
Virginia Ute
9/28/22 9:04am
I don’t remember realtors saying prices wouldn’t go down at all
CougieMcCougFace
9/28/22 9:05am
Exactly. This is your run of the mill recesssion
demon_llama
9/28/22 9:22am
Realtors generally don't know anymore than the average person who pays attention
DC12
9/28/22 9:05am
There are a lot of economists that have been predicting interest rate hikes
rad dawg
9/28/22 9:38am
they are salesmen at the root of it. You can't believe salesmen.
Mayor of Cougartown
9/28/22 9:09am
shocking how most of the population doesn't have a basic understanding of Econ
Mayor of Cougartown
9/28/22 9:17am
In a vacumn increasing rates obviously would lead to decreasing housing prices.
johnnybyu
9/28/22 10:33am
yeah, it's a very nuanced situation obviously. Lots of elements playing in
Mayor of Cougartown
9/28/22 10:39am
Real Estste is far from normal economics. There are multiple reasons for prices
Nat Gas Man
9/28/22 5:47pm
The commodity price of lumber is back to pre-pandemic levels. Contractors are
TailgateU
9/28/22 8:40pm
Economic history shows prices will increase with inflation. Building prices
johnnybyu
9/28/22 9:01pm
Price are decreasing but we will see long term if the inflationary pull of
johnnybyu
9/28/22 10:29am
The problem is that wages aren't rising at the same pace, so many will not be
SausageKing
9/28/22 12:35pm
I agree demand will be low but so will supply. People are not going to move much
johnnybyu
9/28/22 3:28pm
A lot of houses were started a year ago whose intended buyers no longer qualify.
TailgateU
9/28/22 8:37pm
I agree on a 10-20% reduction. Short term new builds are going to put pressure
johnnybyu
9/28/22 8:58pm
Perhaps. It may go up long term but not until after the current bubble deflates.
TailgateU
9/28/22 9:39pm
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