I don't actually think homes and property are that overvalued, I just think the population has not come to terms with how poor inflation/money printing has made them.
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Folks on the sideline waiting for housing to "collapse" in nominal terms are going to be severely disappointed when the drawdown is calculated in net in real purchasing power terms.
If you want a house or property and can afford it without impacting your savings, then purchase (not invest) a house or property.
Prices are finally coming down in overheated North Texas, in my view, that's due to excess inventory.
House prices have moved pretty much in tandum with the S&P 500, increasing by 20% a year for the past 5 or so years. We're finally starting to see a divergence based on fomo.
People in Ireland have been waiting for a housing collapse for the past year
Maybe the narrative will change as they see the price of everything going up now
They’re going to be disappointed, my sister and husband postponed buying with the expectation of them collapsing soon.
My orange pilling doesn’t even get far enough to discuss that
Even if housing collapses 50%, it will still be up compared with 5 years ago.
Yes. This is also my reading.
When a bigger share of the paycheck goes to housing and food it is clearly because we are getting poor/robbed.
100%
Homes and property are liabilities that enslave you.
nostr:nprofile1qyg8wue69uhh2mtzwfjkcw358q6rsqglwaehxw309a3xjarrda5kumtp0p5k6ctvd9ehguewdahxc6twv5qzq7ueramk6pxc0j6agfvk3qv855s0dt7pdv4e45nd434caemv9pqdcdum7t had something to say about that.