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/biz/ - Business & Finance

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20133942 No.20133942 [Reply] [Original]

Is it already happening ??

>> No.20133954

>>20133942
You wish

>> No.20134033
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20134033

>>20133942
barely. unfortunately it will likely be another 5 years until house prices bottom. When shit does tank hard, the insane valuation locations like SF, LA, NYC, will crash hardest

it's alot harder to sell/trade a house and a much longer process. Stonks you can trade in nanoseconds

>> No.20134088

>>20133942
yeah, definitely not like there's a housing blitz going on currently because of low interest rates haha

>> No.20134423

~20 months and we'll see some attractive prices but idk about NYC or LA seeing a drastic drop...a dip and then back to usual ~7% annual increase.

>> No.20134484
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20134484

>>20133942
We are at the very tip of the roller coaster ready to fall. (((new normality))) just jump started working from home on every single company in the planet.

Professionals no longer need to migrate to cities to work in big, medium, not even small businesses. Hell you don't even need to be in the same country, this process would have taken another 10 more years if we didn't have a pandemic.

These people at silicon Valley earning 250k+ no longer need to live in a studio meme to live near Google, Facebook ect...

People will start leaving like flies from these expensive cities to quieter and cheaper pleases with the same salary!!!

This won't only happen in the US, same applies for the rest of the world, combine that with the obvious global recession we are about to get in and you have the perfect storm.

>> No.20134523

>>20134484
if you think the wealthiest 60% of Americans are going to stand by and be bankrupted and evicted without forcing the government to bail them out you're crazy.

we're definitely heading for a shitstorm, but housing isn't going down en masse because of it. You need a medium sized shitstorm that only affects the poorest homeowners. If everyone crashes there's be literal revolution.