In the run-up to the housing bubble that occurred 15 years ago, prices rose faster than normal too, before the bottom fell out, causing the worst housing crash and overall recession in generations.
So, what's going to happen this time around?
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@NPR
Let's allow them to drop back to what they were when my grandparents bought one in the 60s.
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@NPR
The Moodys statistics are just a headline grabber. I live in
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per the chart and I can say my home is realistically over valued roughly 20%, per Zillow, not 48% per Moodys. There’s so much economic data that’s not even considered that these numbers might as well come from
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@NPR
a dart board. Locally, our prices have increased due to the number of high wage workers moving to the area. There aren’t ridiculous bidding wars happening for the average house, and especially not for houses that need reno. Furthermore, where do they get their price from?
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@NPR
With banks and investment firms buying up houses to use for liquidity assets, the market is going to tank, hard. And taxpayers will AGAIN foot the bill for "too big to fail" financial institutions. The scams never end, and the taxpayers are always the targeted victems.
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