this post was submitted on 09 Jul 2024
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Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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[–] Bahnd@lemmy.world 3 points 4 months ago (1 children)

I talk about similar things with my co-workers from time to time. Prices are high, but the risk isnt outside the range of normal, this isnt 2008 where there were tons of bad loans just a gnats hair away from defaulting.

If someone can explain how a bubble can exist right now or what would cause prices to go down, please let me know (or resources where I can read more on it).

[–] ProIsh@lemmy.world 1 points 4 months ago (1 children)

I could see a bubble of too many homes for sale and not enough people buying. Not really a huge crash but it would cause prices to ease up. I'm currently looking to buy a new home and the longer I wait the more I'm seeing prices continue to drop.

[–] clover 4 points 4 months ago

Except that is pretty region specific. I would understand that being the case in climate evacuation areas where the insurance market has fled. But in most parts of the country I have been led to understand that there are few people trying to sell because they have locked in good interest rates.