General Discussion

LonePirate

(14,361 posts)

1. We have a fixed amount of land on this planet but the number of humans continues increasing.

Reply to ansible (Original post)

Mon Jul 12, 2021, 01:15 PM

Jul 2021

Thus housing prices will continue to increase.

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What's going on with the housing market, why does it never stop going up? [View all] ansible Jul 2021 OP

We have a fixed amount of land on this planet but the number of humans continues increasing. LonePirate Jul 2021 #1

true in the aggregate (although we can build vertically), but all real estate is local. unblock Jul 2021 #4

I honestly thought about moving to Detroit once, but property taxes... ansible Jul 2021 #5

That's What They Said In 2006 WHITT Jul 2021 #6

I bought a house in early 2008 for $142K multigraincracker Jul 2021 #9

I sold my house in fall of 2017. It's gone up $250,000. Darn it. But it could've gone down that much SharonAnn Jul 2021 #52

The usual problem is if multigraincracker Jul 2021 #53

Equity losses may occur over the short term but long term they are always higher in general. LonePirate Jul 2021 #10

Takes A Very Long Time WHITT Jul 2021 #12

Not really FBaggins Jul 2021 #14

Averages Are Meaningless WHITT Jul 2021 #25

The data that I was using was actually the median price FBaggins Jul 2021 #31

Nope WHITT Jul 2021 #38

I gave three different measures. You're treating them as the same claim FBaggins Jul 2021 #39

OK WHITT Jul 2021 #42

That's true fescuerescue Jul 2021 #15

Yes. We bought a home in Minnesota in 2004 for $175K. MineralMan Jul 2021 #22

No, They Haven't WHITT Jul 2021 #27

There are exceptions fescuerescue Jul 2021 #45

for the first timem, they are giving value WhiteTara Jul 2021 #20

there will be a decline and/or crash eventually. florida condos may be cheaper soon nt msongs Jul 2021 #2

"If something cannot go on forever, it will stop." n/t Strelnikov_ Jul 2021 #17

personally i only wish it were so here in connecticut. california is very different unblock Jul 2021 #3

Wait for prices to drop like a rock once climate change really kicks in. nt Binkie The Clown Jul 2021 #7

You mean prices in places that climate change has rendered unliveable? Towlie Jul 2021 #24

Coastal areas, deserts, places too close to the equator. etc... nt Binkie The Clown Jul 2021 #41

I wish I knew what to do. The market is crazy. Paper Roses Jul 2021 #8

Check zillow and redfin. Mosby Jul 2021 #49

A lot of older housing stock needs to be replaced jmbar2 Jul 2021 #11

Corporations buying up residential real estate. alwaysinasnit Jul 2021 #13

Investors bought the house next to me. gypsy11 Jul 2021 #21

Thanks for sharing. I live north of San Francisco and the City did pass a law specifically aimed at alwaysinasnit Jul 2021 #29

I've read that San Francisco passed a law gypsy11 Jul 2021 #30

Maybe we should institute something like what Toronto did. alwaysinasnit Jul 2021 #32

Home improvement outfits are also swamped. Midnight Writer Jul 2021 #16

I'm trying to get my bathroom renovated meadowlander Jul 2021 #47

Our son is a building contractor with only 2 employees. He wants to keep it small. marie999 Jul 2021 #48

There are many places where home prices are far lower than MineralMan Jul 2021 #18

I'm worried about real estate taxes from all this. GoodRaisin Jul 2021 #19

The prices will eventually come down. It's happened before and it will happen again. During the Vinca Jul 2021 #23

2008 says wait a second.... CrackityJones75 Jul 2021 #26

The challenge is that 2006 says the same thing. FBaggins Jul 2021 #40

I think we are due for another bubble burst CrackityJones75 Jul 2021 #50

Homeowner here..Our house has been underwater since the 2008 helpisontheway Jul 2021 #28

Some areas seem to have affordable homes. Tracer Jul 2021 #33

Part of the problem is people who say they're willing to move... brooklynite Jul 2021 #34

Right now there are houses in Laurel for $48k and $69K brooklynite Jul 2021 #35

Where do you want to live? brooklynite Jul 2021 #36

I live in a rural area of NM where many (mostly women) in my neighborhood womanofthehills Jul 2021 #37

Remote workers.can now.live anywhere Demovictory9 Jul 2021 #43

I know why mine is Sympthsical Jul 2021 #44

Real estate is the vehicle of choice for money launderers. meadowlander Jul 2021 #46

We're near 100% occupancy in many areas in Oregon, that's the reason for our outrageous prices. MerryBlooms Jul 2021 #51