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/biz/ - Business & Finance

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26190984 No.26190984 [Reply] [Original]

What do you guys think? I mean with all this bidding going on how long can it go on for? I feel it is an affordability issue and this can't go on forever. My thought is the market may crash by the end of the year with the way things are going.

>> No.26191037
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26191037

>>26190984
>Interest: As low as it's ever been since the beginning of US record keeping
>Inflation: 25% of every dollar ever created was produced last year alone
>Foreign nonresident / noncitizen buyers: Still exist and more likely to spend the more USD depreciates and their own currency's relative buying power increase
>Term extensions: Most lenders haven't even launched mainstream 50 year mortgages yet
>Lending scrutiny: Still high thanks to 2008 with applicants getting shut down left and right for lack of stable job history or not enough cash for down payment
>New construction: Discouraged thanks to exorbitant lumber prices
>Market: Still unequivocally a Seller's with supply below demand and buyers paying at or above asking price
You're going to be reposting this shit thread for at least another 10 years, rentfag.

>> No.26191321

shut up fag

>> No.26191392
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26191392

>>26191037
The Case-Shiller Index is no longer accurate since it's no longer pegged to anything relevant with respect to inflation. If anything, we're headed straight into deflation despite all the gov't stimulus which will make any debt (especially mortgages) radioactive.