Comments on: US Existing Home Sales Climb, But Inventory Is Climbing Even Faster

By: Tony

Tony — Fri, 23 Jul 2021 21:28:27 +0000

In reply to flipg.

Which party is in power will keep kicking this can down the road for as long as they can till some unforeseen event happens that knocks this house of cards down. Then they can say well it wasn’t our fault and, there was nothing that could be done and, no way we could see such an event coming….. blah blah blah. Will there be some unfortunate people who lose their shirt? Of course there will. Will there be some lucky schmucks who cash out before this? Sure. What ever happens, engineered or not, it will appear as complete surprise and shock that will rock the real estate markets…. Maybe that’s the great reset that everyone is talking about.

By: flipg

flipg — Fri, 23 Jul 2021 20:40:00 +0000

In reply to D. They are afraid to act because whoever is in power when the bubble pops will soon be out.

By: D

Fri, 23 Jul 2021 15:57:20 +0000

What happens when the vast majority (90%) are priced out from buying a home and have to resort to a 30 year mortgage? Will the banks expand the money supply thus increasing prices thus turning those 30 year mortgages into 50 year, 100 year for others that didn’t get in early etc…?? Where’s the ceiling? Is it infinite? Why do we have a central bank if they aren’t deflating this horrible bubble that will destroy our economy? Look at Japan. Japan’s gdp today is less than its GDP in 1995, in NOMINAL TERMS. Adjusted for inflation, Japan’s economy has tanked for the last 26 years. Is this our future??? Why isn’t the central bank doing anything?

By: DDD

DDD — Fri, 23 Jul 2021 01:08:10 +0000

In reply to Ghl. not in the United States, all data shows that prices either going to be in stagnation or even drop

By: Ghl

Ghl — Thu, 22 Jul 2021 23:50:20 +0000

Is inventory growing faster than money printing? If not, prices will keep going up.

By: Omar

Omar — Thu, 22 Jul 2021 22:39:38 +0000

off the top of your head, does anyone know if this is the same situation with Canada, where most of the gains are from January on? Because that’s a heck of a coincidence if both regions saw prices inflation, and cool down in March as well.

By: PK

PK — Thu, 22 Jul 2021 22:37:46 +0000

Imagine living in a country where $400k is “expensive” for housing? Can’t find much for less than $800k in Canada now, and even then it’s not particularly nice and far from the cities.