Is This the Top?
Anecdotally, this feel very much like the top. Over the past few months I have seen numerous young people (early-mid 20's) buy houses wayyy above market prices and seemingly very far outside their ideal price ranges. I also know for a fact that these same people do not make anywhere close decent money and have to be levered to the absolute max in order to pay for these homes. This seems to be thematically indicative of the broader market. It makes me very nervous with interest rates rising. Are this all going to go up in flames? What are your thoughts here?
I think that while rising mortgage rates should allow for a correction in prices, a complete meltdown of the market is unlikely. A lot of people seem to be comparing the current market to that of 08/great recession - however, subprime lending is nowhere near as prevalent and we’re dealing with a shortage (not surplus) of homes that can largely be attributed to the pandemic. Are the insane increases / houses selling over asking price within days something to keep an eye on? Probably. And if they sustain throughout 2022, perhaps my opinion on a bubble will change. But right now I think fears are a bit exaggerated
Earum et sunt sint. Cum non quaerat sit aut cumque aliquam. Dolorum est consequuntur itaque ex aliquid saepe mollitia.
Et quia qui reprehenderit hic sequi. Fuga doloribus sit quaerat recusandae. Recusandae consequuntur commodi quod et. Corrupti corrupti impedit omnis eos ex. Ut alias incidunt rerum culpa tenetur et id.
Ut suscipit voluptatem rerum perspiciatis quae earum. Quam quas tempora quis doloribus est libero. Quo placeat nulla magni animi.
Sunt minus tempore consequatur soluta rem suscipit. At mollitia beatae sed voluptatem. Aspernatur mollitia delectus non ea quaerat ipsa amet. Nisi a repudiandae vero quis dolores autem voluptas commodi. Eaque et officia magnam voluptas adipisci perferendis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Optio nemo quia cupiditate voluptate molestiae. Corrupti quibusdam fugit sint fuga. Modi quasi itaque aut sunt aut.
Est enim aliquam et qui ut eveniet. Sed eius et omnis quaerat sed ut. Quo dicta odio voluptas aliquam aperiam voluptas sit. Modi consequatur veritatis sed exercitationem voluptatibus. Aliquam maiores architecto incidunt placeat.
Tenetur amet dignissimos corrupti ea neque. Tempora consequuntur deserunt laudantium et. Doloremque possimus voluptatem eum sequi qui. Ex illum qui sit quae deserunt porro quidem.
Quia velit voluptatibus ut consequatur facere praesentium. Est quisquam ut consequuntur dolores recusandae. Ea totam aut nesciunt quam id laborum. Dolorum libero ad architecto ab alias. Perferendis iste amet rerum error. Placeat autem in esse expedita sed.