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Economy

Warpy

(114,559 posts)

5. Hedge funds and other investment companies are snapping them up

Reply to Tomconroy (Original post)

Thu Jul 29, 2021, 02:43 PM

Jul 2021

I get cards at least once a week from friendly "persons" who want to pay top dollar for my house, cash, sight unseen. This is creating a bubble in housing prices. It's also a losing strategy since demographics are about to kick housing demand in the teeth as Boomers continue to die off and underpaid and overindebted Millennials and Gen Z are unable to enter the market.

So yes, there is a bubble and it will end about as well as the last one did.

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Is Housing In A Bubble? [View all] Tomconroy Jul 2021 OP

In this area, it's mostly second homes, so who knows. TreasonousBastard Jul 2021 #1

I'm surprised the article never mentioned inflated lumber prices 70sEraVet Jul 2021 #2

Yes agree! but declined since then right? Laura PourMeADrink Jul 2021 #3

Think prices will decline but it's really just impossible to imagine Laura PourMeADrink Jul 2021 #4

Hedge funds and other investment companies are snapping them up Warpy Jul 2021 #5

For what it's worth, Goldman Sachs thinks prices will Tomconroy Jul 2021 #6