- Location
- West Bountiful, UT
I'd pay a juvenile to punch her in the tit.
- DAA
- DAA
Yup. Economics and generational trends suggest people being able to work remotely will continue to spread out until cheaper markets become more in line with traditionally more expensive markets. I mean, Utah and BF Oklahoma will always be cheaper than San Diego, but the gap will become less. We all know people moving to Texas or Georgia or... Shit eventually maybe even a Dakota... To find comparative value in real estate. Eventually that value will go away.Amateur view from the sidelines. Supply and demand. As long as our population continues to grow at near the current rate, house prices aren't going to go down much. More like, stop going up as fast, maybe. Or a bit of a downturn correction, but just start climbing again right away.
If house prices here did crash. Speculators from literally around the globe would start snatching up every house they could and the prices would bounce right back up. Hell, if prices crashed, I'd snatch up one or two.
Just amateur opinion.
- DAA
He went from 3.5-4% interest rates to 6.5-7.5%.Maybe I already shared this but our backyard neighbor sold their house in early 2017 because house prices had risen and he didn't think they were going to hold. They moved into an apartment to ride it out thinking in a year or so he would be able to buy low. Looking back we know what happened with the market.
I know a guy that did the same thing. He had done it in 2007 and sold high, so he thought he was Nostradamus. Sold in 2016, and is still renting. His home gained about $600k in equity since he sold it.Maybe I already shared this but our backyard neighbor sold their house in early 2017 because house prices had risen and he didn't think they were going to hold. They moved into an apartment to ride it out thinking in a year or so he would be able to buy low. Looking back we know what happened with the market.