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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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55780243 No.55780243 [Reply] [Original]

For the first time in 3 years, a house in my town sold for under $300k. Please tell me we are healing.,

>> No.55780257
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55780257

>>55780243
Go look at your local market on Case Schiller. Mine looks like the meme market cycle chart.

>> No.55780263

>>55780243
Idaho? Colorado?

>> No.55780422

>>55780263
Connecticut, South east corner.

>> No.55781292

>>55780422
You have a lot of people moving there in the last decade?

>> No.55781300

>>55780422
I can smell the niggers through my screen.

>> No.55781452
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55781452

>>55780422
Liberal shitholes will only go down in value, nobody wants to live there anymore, not even leftists.

>> No.55781484

>>55781452
>move to Florida
>can't even get home insurance because all the insurance companies are pulling out
>get wrecked by hurricane

Don't you realize this will sort of balance out. If house prices go down in those places people are leaving, people will begin to move there.

>> No.55781491

>>55781452
I generally agree but Florida sucks and Texas is tolerable in very few places at best. Also how do I profit from this?

>> No.55781740

>>55781484
>on a long enough timeline it will all even out
>on a long enough timeline we are all dead
Correct

>> No.55781762

>>55781292
We had a huge surge during COVID. Ct flipped from the state with one of the largest amount of people leaving, to having one of the largest amount of people entering. I think all the metro young folks are starting to miss the hustle and bustle of the city because houses aren't going for $500k anymore.

>> No.55782239

>>55781762
Why did it attract people during covid?

>> No.55782330

>>55781452
I bet a lot of the Texas people are feeling regrets after experiencing 30 days above 100F. I can't wait to get the fuck out of here
>t. native Texan

>> No.55782340

>>55780263
what’s the significance of those states?

>> No.55782397

>>55781452
Interesting chart. I live in mass and the opposite feels true. Feels much more like more and more people are coming and there’s more competition for jobs and apartments.

>> No.55782401

>>55780263
I just saw a house in a shitty part of Lakewood go for 800k. Even my parents shitty townhouses are going for 500k and they arent even close to Denver, despite seeing endless 'for sale' signs compared to a couple years ago. Colorado is still fucked bros

>> No.55782423

You cannot undo inflation. The dollar will continue to lose value, adding to the already exponential appreciation of homes. The best dip future generations will get is total boomer death, maybe in 15 years.