Housing Bubble

[TommyIV]

Income cannot keep up with rising home prices pushing would be homebuyers out of the market. This not a new discrepancy but it has gotten worse since the pandemic.


Home prices are now rising much faster than incomes, studies show

 

[Bullitt]

Builders have no incentive to build more, NIMBY, state/county regulations and high lumber prices aren't helping.

The houses near me that are priced lower have a ton of work to do. Couple that with having to buy homes without an inspection nowadays and you could be buying into a real money pit if you think you got a deal.

Maybe fear of not having enough is part of the reason why younger generations feel they have to take on so much risk in their "investments". Every bet seems to be all or nothing. So far, crypto seems to be working, but calls on those high flying meme stocks have had mixed results.

 

[Bullitt]

Amazing how the low rates in 2020 were completely negated by bubble prices in homes. It's going to take a housing crash to right this ship.



https://twitter.com/M_McDonough/status/1537171676919738371