Idk if it’s necessarily a housing bubble. You have to remember inflation since COVID has been like 22% in America. So, realistically, the 39.4% increase in housing is really 17.4%.
How else are the oligarchs supposed to consolidate the housing supply while hammering everyday people?
There is a difference between a bubble and a transfer of wealth.
Lately it’s not just about Prices. It’s more about Interest Rates and Insurance now.
Go post on r/REBubble. This sub is at least a bit less of a joke than that place.
Republicans always fucking shit up and democrats always trying to clean their mess. Let’s vote third party next time.
If you keep saying it every day eventually you’ll be able to take your victory lap I guess.
Stocks are overvalued, they’ll need to find other asset classes eg real estate.
I don’t think it’s a bubble, it’s corporations buying up everything so they can rent it all back to us.
That’s very different than the past. In the past corps would build houses to do various mortgage and loan shenanigans.
This is monopolization, or an attempt to.
Normally the economy would crash and they’d be forced to sell, but that won’t happen this time because the incoming administration will just bail them out with trillions of our dollars.
That graph indicates mortgage payments are high relative to incomes but it doesn’t suggest anything about a housing bubble…
What makes the color red? I can see that the red on the previous two runs indicated the top, so unless this is predicting the future it is possible that it could continue to go up?
What if the bubble doesn’t pop?
No more crashes because the capitalist government will cover any losses if you’re rich enough.
Not sure I agree. A bubble is when prices are inflated far past what supply and demand dictate due to irrational buying.
Our current situation is that we failed to build millions of units – leading to vast price increases. Those prices are only a bubble if they are likely to come down suddenly. If the economy doesn’t crash (big if), that isn’t going to happen since demand far outstrips supply.
Home building crashed after 2008 and while it finally recovered – we are down millions of units that otherwise would have been created.
Until interest rates on mortgages come down this stalemate will continue.
There was no housing bubble in 1981 so you have one data point supporting and one disproving.
Done worry. Elon will buy it at a knock down price.
I think that stat is an average of people buying homes, not all owning homes.
65.5% of Americans live in owner occupied homes.
Most people have the same mortgage they had five years ago, and on average their income is higher. They have not seen payments as a percentage of income increase.
It’s looking like it’s due for a next big leg up.
Not what I want to see but everything is pointing to much higher prices
I don’t understand how we can simultaneously be in a two decade shortage of housing and a bubble.
I don’t understand how the vast majority of people are locked into the golden handcuffs that is a sub 4% interest rate, but we’re in a speculative bubble.
We just came out of a massive stimulus with cheap money. Our M1 and M2 money supply is exponentially greater than it was pre-covid. Of course goods and services are going to have inflated prices.
But it’s like the King said, once prices go up, it’s hard to bring them back down.
I suppose this is the difference between r/economics and r/economy.
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Idk if it’s necessarily a housing bubble. You have to remember inflation since COVID has been like 22% in America. So, realistically, the 39.4% increase in housing is really 17.4%.
How else are the oligarchs supposed to consolidate the housing supply while hammering everyday people?
There is a difference between a bubble and a transfer of wealth.
Lately it’s not just about Prices. It’s more about Interest Rates and Insurance now.
Go post on r/REBubble. This sub is at least a bit less of a joke than that place.
Republicans always fucking shit up and democrats always trying to clean their mess. Let’s vote third party next time.
If you keep saying it every day eventually you’ll be able to take your victory lap I guess.
Stocks are overvalued, they’ll need to find other asset classes eg real estate.
I don’t think it’s a bubble, it’s corporations buying up everything so they can rent it all back to us.
That’s very different than the past. In the past corps would build houses to do various mortgage and loan shenanigans.
This is monopolization, or an attempt to.
Normally the economy would crash and they’d be forced to sell, but that won’t happen this time because the incoming administration will just bail them out with trillions of our dollars.
That graph indicates mortgage payments are high relative to incomes but it doesn’t suggest anything about a housing bubble…
What makes the color red? I can see that the red on the previous two runs indicated the top, so unless this is predicting the future it is possible that it could continue to go up?
What if the bubble doesn’t pop?
No more crashes because the capitalist government will cover any losses if you’re rich enough.
Not sure I agree. A bubble is when prices are inflated far past what supply and demand dictate due to irrational buying.
Our current situation is that we failed to build millions of units – leading to vast price increases. Those prices are only a bubble if they are likely to come down suddenly. If the economy doesn’t crash (big if), that isn’t going to happen since demand far outstrips supply.
Home building crashed after 2008 and while it finally recovered – we are down millions of units that otherwise would have been created.
Until interest rates on mortgages come down this stalemate will continue.
There was no housing bubble in 1981 so you have one data point supporting and one disproving.
Done worry. Elon will buy it at a knock down price.
I think that stat is an average of people buying homes, not all owning homes.
65.5% of Americans live in owner occupied homes.
Most people have the same mortgage they had five years ago, and on average their income is higher. They have not seen payments as a percentage of income increase.
It’s looking like it’s due for a next big leg up.
Not what I want to see but everything is pointing to much higher prices
I don’t understand how we can simultaneously be in a two decade shortage of housing and a bubble.
I don’t understand how the vast majority of people are locked into the golden handcuffs that is a sub 4% interest rate, but we’re in a speculative bubble.
We just came out of a massive stimulus with cheap money. Our M1 and M2 money supply is exponentially greater than it was pre-covid. Of course goods and services are going to have inflated prices.
But it’s like the King said, once prices go up, it’s hard to bring them back down.
I suppose this is the difference between r/economics and r/economy.
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