The global housing market is heading for a brutal downturn
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Re: The global housing market is heading for a brutal downturn
#2Re: The global housing market is heading for a brutal downturn
#3I'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.
Re: The global housing market is heading for a brutal downturn
#4I'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.
It’ll happen slowly then all at once. Be ready to make a move in the next couple years. Be patient, but pounce quickly.
Re: The global housing market is heading for a brutal downturn
#5I'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.
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.
Re: The global housing market is heading for a brutal downturn
#6Earlier 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.
Prices going up and down isn't symmetrical behavior in terms of speed. People love increase sale prices as soon as possible and detest lowering them down, many can afford to wait if they expect massive additional income within few years.
US is more flexible than say Europe in this (and other aspects of society) but I have no doubt this applies there too.
Re: The global housing market is heading for a brutal downturn
#7I'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.
It’ll happen slowly then all at once. Be ready to make a move in the next couple years. Be patient, but pounce quickly.
> It’ll happen slowly then all at once. Be ready to make a move in the next couple years. Be patient, but pounce quickly.
Also, a stranger will present an opportunity. Don’t keep your authentic self under wraps. If you can hold your nerve and invest in a friendship, you may realize gains while romance is favored by Mercury.
Re: The global housing market is heading for a brutal downturn
#8Summary 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.
Re: The global housing market is heading for a brutal downturn
#9[deleted]
Re: The global housing market is heading for a brutal downturn
#10I'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 see you haven't looked at the camper van market lately.