Comments on: US New Home Sales Plummet, Inventory Rises To The Highest Level Since 2008 https://betterdwelling.com/us-new-home-sales-plummet-inventory-rises-to-the-highest-level-since-2008/ Canada’s Fastest Growing Real Estate News Source Sun, 29 May 2022 14:32:29 +0000 hourly 1 By: Uri https://betterdwelling.com/us-new-home-sales-plummet-inventory-rises-to-the-highest-level-since-2008/#comment-83369 Thu, 26 May 2022 22:17:42 +0000 https://betterdwelling.com/?p=20730#comment-83369 NAIL ETF up again today 12%
For those who think the real estate market going to collapse please read again the IMF Paper titled: financial repression
The only asset that will survive is Real Estate

]]> By: Donald https://betterdwelling.com/us-new-home-sales-plummet-inventory-rises-to-the-highest-level-since-2008/#comment-83337 Thu, 26 May 2022 00:40:50 +0000 https://betterdwelling.com/?p=20730#comment-83337 In reply to Uri.

Contagion

]]> By: Ron Bruce https://betterdwelling.com/us-new-home-sales-plummet-inventory-rises-to-the-highest-level-since-2008/#comment-83329 Wed, 25 May 2022 21:56:45 +0000 https://betterdwelling.com/?p=20730#comment-83329 15 years to correct??? The Central Banks and consumer Banks can’t wait this long, as increases in property values are already baked into their long term plans. If they don’t have ever-increasing debt financing, what will they do? Developers and Apartment/high-rise building owners count on runaway property values to keep gouging the consumer. Investing in new technologies or new businesses (aka Jobs) is too risky for Banks to entertain when laundering offshore money is far more lucrative.

]]> By: Uri https://betterdwelling.com/us-new-home-sales-plummet-inventory-rises-to-the-highest-level-since-2008/#comment-83328 Wed, 25 May 2022 20:19:08 +0000 https://betterdwelling.com/?p=20730#comment-83328 Please help me out:
I wonder which news outlet to trust?
Direxion Daily Homebuilders & Supplies ETF (NAIL) is up 12% today – May 25th..

]]> By: Philemon DuMurphy https://betterdwelling.com/us-new-home-sales-plummet-inventory-rises-to-the-highest-level-since-2008/#comment-83319 Wed, 25 May 2022 17:26:38 +0000 https://betterdwelling.com/?p=20730#comment-83319 Bank of Canada NEEDS to keep rates low to support housing.

]]> By: Ion https://betterdwelling.com/us-new-home-sales-plummet-inventory-rises-to-the-highest-level-since-2008/#comment-83318 Wed, 25 May 2022 16:59:33 +0000 https://betterdwelling.com/?p=20730#comment-83318 In reply to Vishal.

Exactly!

]]> By: real estate https://betterdwelling.com/us-new-home-sales-plummet-inventory-rises-to-the-highest-level-since-2008/#comment-83307 Wed, 25 May 2022 13:00:42 +0000 https://betterdwelling.com/?p=20730#comment-83307 True.
In the US, we have huge property tax ( almost 2% ), enormous capital gain tax. Also cruel FEDS rising % every month now.
Well controlled banks, after 2008 rules to borrow money became very rigid, in some cases unreasonably strict.
No grounds to speculate.

]]> By: Old Greg https://betterdwelling.com/us-new-home-sales-plummet-inventory-rises-to-the-highest-level-since-2008/#comment-83299 Wed, 25 May 2022 09:06:14 +0000 https://betterdwelling.com/?p=20730#comment-83299 In reply to Vishal.

This will be EPIC!

]]> By: RW https://betterdwelling.com/us-new-home-sales-plummet-inventory-rises-to-the-highest-level-since-2008/#comment-83290 Tue, 24 May 2022 22:51:57 +0000 https://betterdwelling.com/?p=20730#comment-83290 Oh good. They built enough supply and home prices can fall now right?

]]> By: Vishal https://betterdwelling.com/us-new-home-sales-plummet-inventory-rises-to-the-highest-level-since-2008/#comment-83289 Tue, 24 May 2022 22:50:32 +0000 https://betterdwelling.com/?p=20730#comment-83289 American bubble at half the price of Canada. That tells you everything you need to know about Canada.

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