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The global housing market is heading for a brutal downturn
21–30 of 86 posts
Re: The global housing market is heading for a brutal downturn
#22Earlier quoted context omitted.
It’ll happen slowly then all at once. Be ready to make a move in the next couple years. Be patient, but pounce quickly.
If the downturn is so short you need to "pounce quickly" it isn't much of a downturn. Some countries have had stagnant real estate markets for years. Anyway interest rates are not going down to 2% anytime soon so don't hold your breath. People who bought/refinanced in 2020-2021 will probably never sell.
This. We refi’d in 2020 and our monthly payment is just stupendously cheap now, like < 1/7 my monthly take home pay. Even though we sort of need a bigger house at this point, the thought of giving this up makes entering the market again a complete non-starter. I feel bad for anyone trying to buy a house in the US right now, particularly their first.
Re: The global housing market is heading for a brutal downturn
#23Summary of this article is that we can expect from 0 to 5% year-on-year GROWTH in asset prices, compared to 15% we saw last year. Hardly a brutal downturn in my opinion.
No wonder why these people are having a hard time convincing others to pay for their writing.
Re: The global housing market is heading for a brutal downturn
#24I've been waiting for a downturn since I missed the one in 08 and it seems to never come. I've resigned to the fact that I'll probably never own property and eventually move into a camper van.
I think one of the issues is this, there are so, so many people waiting to buy in the downturn with money saved that it will create its own boom.
I do wonder though, if all this cash in the bank people are hoarding for the downturn will have other effects on the economy, recession ?
I'm in the same boat though, I've saved and invested a shirtload of cash waiting for a downturn.
Re: The global housing market is heading for a brutal downturn
#25Contrary to the wording of the title, this is a good thing for people that treat housing as a place to live instead of an ever appreciating asset.
Re: The global housing market is heading for a brutal downturn
#26Summary of this article is that we can expect from 0 to 5% year-on-year GROWTH in asset prices, compared to 15% we saw last year. Hardly a brutal downturn in my opinion.
I guess this does give people a chance to catch up to save and buy, at some point, it was a rocket ship, now it seems more like a broken old bus.
Re: The global housing market is heading for a brutal downturn
#27Summary of this article is that we can expect from 0 to 5% year-on-year GROWTH in asset prices, compared to 15% we saw last year. Hardly a brutal downturn in my opinion.
I still find it strange that housing is expected to be an appreciating asset class, rather than a depreciating one that requires continual investment to counteract wear and tear etc. I understand that this is largely by design, but it seems odd to me how much this is accepted as fundamental to properties, rather than something that’s been constructed.
Re: The global housing market is heading for a brutal downturn
#28Summary of this article is that we can expect from 0 to 5% year-on-year GROWTH in asset prices, compared to 15% we saw last year. Hardly a brutal downturn in my opinion.
I still find it strange that housing is expected to be an appreciating asset class, rather than a depreciating one that requires continual investment to counteract wear and tear etc. I understand that this is largely by design, but it seems odd to me how much this is accepted as fundamental to properties, rather than something that’s been constructed.
It's mainly about the location and property value and not so much about the asset built on that property.
Re: The global housing market is heading for a brutal downturn
#29Summary of this article is that we can expect from 0 to 5% year-on-year GROWTH in asset prices, compared to 15% we saw last year. Hardly a brutal downturn in my opinion.
I still find it strange that housing is expected to be an appreciating asset class, rather than a depreciating one that requires continual investment to counteract wear and tear etc. I understand that this is largely by design, but it seems odd to me how much this is accepted as fundamental to properties, rather than something that’s been constructed.
People are infinite resource (relatively speaking), land and houses are not.
Also, some places disproportionately attract more people. (Just like attractive people are disproportionately attracting more attention than “uglies”)
Re: The global housing market is heading for a brutal downturn
#30Contrary to the wording of the title, this is a good thing for people that treat housing as a place to live instead of an ever appreciating asset.
Housing downturn in an environment of rising interest rates doesn’t help affordability