Went to monitor property listings, and dear me the amount of forclosures is insane. In Colorado its almost 9/10 new listings. I can't even get prices because they are pre-auction.

Welp...

  • PurrLure [she/her]
    ·
    4 years ago

    Wait, are housing prices actually going to go down now?

    Will we actually be able to afford houses soon, or are they going to keep getting bought out by investment firms?

    • Darkmatter2k [none/use name]
      ·
      4 years ago

      WallStreet got $4 trillion from the CARES act to float asset prices and the FED is buying up "bad assets" with no max ceiling. It's basically socialised finance capitalism.

      I don't even know if it's possible for prices to fall under that system?

    • Churnthrow123 [none/use name]
      ·
      4 years ago

      Housing prices will never go down. Boomers will sell off to investment companies who will snatch up every property to make everyone into a renter.

    • Yaweh [xey/xem]
      ·
      4 years ago

      Hard to tell atm, eventually yes. How long until then? Depends on the area.

    • _metamythical [he/him]
      ·
      4 years ago

      Probably not. Credit is cheap. There's a lot of money floating in the market that these firms will use up to buy all the stock.

      • StellarTabi [none/use name]
        ·
        4 years ago

        I've been wanting to buy a house for a really long time. The rates are insanely low right now, but house prices are really high and even the bad houses are becoming "offer pending" before I get a chance to see it!