Thoughts on the real estate market thread...
Here are mine:
Real estate market is nuts right now across the board. Seems to me like we just went zooming past 2008 levels.
At some point I think its gonna take a nasty turn in the other direction because:
1. At some point banks will start foreclosing on all the loans that went belly up during covid
2. Once lumber prices normalize, new build prices will come back down forcing downward pressure on existing home prices
3. You have to think that rates will rise at some point....
Here are mine:
Real estate market is nuts right now across the board. Seems to me like we just went zooming past 2008 levels.
At some point I think its gonna take a nasty turn in the other direction because:
1. At some point banks will start foreclosing on all the loans that went belly up during covid
2. Once lumber prices normalize, new build prices will come back down forcing downward pressure on existing home prices
3. You have to think that rates will rise at some point....
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