Comments on: US Home Prices Fell In Every Major Market As Growth Slows

By: Michael Sih

Michael Sih — Tue, 31 Jan 2023 19:44:18 +0000

In reply to Ian Wescott. The Fed isn't trying to crash the market, they're trying to get people to realize that risk happens. The more people believe there's no downside, the harder the downside needs to be to convince them it exists.

By: Ian Wescott

Ian Wescott — Tue, 31 Jan 2023 19:40:29 +0000

The Fed’s goal is to crash the market. If prices don’t come down, they’ll bring them down until you own nothing and love it.

By: Phil Quon

Phil Quon — Tue, 31 Jan 2023 19:39:32 +0000

In reply to Jared. Most of the ones that couldn't buy are the same group that entered the workforce right as the Global Financial Crisis kicked off. Not a great situation we're treating them to, no wonder they're focused things that don't matter.

By: Billy Lohman

Billy Lohman — Tue, 31 Jan 2023 19:36:08 +0000

Good lord, prices are bonkers. People are already freaking out with a minor increase to interest rates and want full subsidies. The mentality is worse than 2008 by miles, since people assume a bailout will prevent any real consequences forever.

By: Jared

Jared — Tue, 31 Jan 2023 19:31:08 +0000

We’ve got a long way to go before we see any meaningful rollback on home prices. I don’t think home prices are going to fall nearly enough, and will be the backbone of another bubble that will be a spectacular failure in a five-or-so years.

Feel bad for the kids that didn’t get to seize the opportunity to establish themselves with decent affordability before this mess happened… AGAIN