How long can the global housing boom last? | The Economist

1 :Anonymous2022/01/07(Fri) 16:04:56ID: ryascb
How long can the global housing boom last? | The Economist
2 :Anonymous2022/01/08(Sat) 03:01:23ID: hrq9wb5

It will last as long as I haven’t gotten in the housing market. As soon as I go in, boom, down 50%

ID: hrqnu9j

u/shrimpgangsta bought. Dump it.

ID: hrsdm00

As long as you’re using it to live in, you’ll be fine. I figure I’ll get a good 5 maybe 10 years after I buy my house before I’m put in the nursing home.

ID: hrsbpp3

You and me both! I love your comment so much, this is exactly how i feel. At least we’re in this together.

3 :Anonymous2022/01/07(Fri) 16:29:30ID: hrnk8sh

interest rate sensitive

ID: hroqryf

Bingo

ID: hrq5cp8

Not really.

With 20% down, the payment size and terms for an equivalent home have more than doubled since 2012.

ID: hrqdtss

Its money printing sensitive

ID: hrrxikp

Not particularly. Unless rates rise dramatically, we're still gonna see some appreciation next year. It's not gonna taper off. You're still gonna have a buyer willing to pay 300k at 3.25% or 300k at 3.5%.

4 :Anonymous2022/01/08(Sat) 13:51:48ID: hrryv8j

It should be illegal for investment firms to own a certain amount of homes - not having families be able to own their own home is again - destroying the middle class and weakening America

ID: hrunxbu

More like illegal for them to own any homes, fuck those crooks

5 :Anonymous2022/01/07(Fri) 19:18:16ID: hrochvs

Until more houses are built. Simple.

ID: hrq1zhj

That’s only half the issue. They also need to ban foreign and corporate buyers. In NYC we see every time more housing supply appears, it just gets bought up by people trying to hide money from overseas.

ID: hrqlev8

They are always building in Miami Dade and it always selling.

ID: hrrj9ar

In places where people want to live, though, which is the difficult part.

ID: hrpxgja

What about the 5million + (that's million) vacant homes?

6 :Anonymous2022/01/08(Sat) 00:46:14ID: hrprajh

Why use an archive link?

People want quality journalism, but also don't want to support sites providing it.

8 :Anonymous2022/01/07(Fri) 20:20:22ID: hromjsl

indefinitely as long as they build them like they do in China, you have to tear them down and rebuild every 5 years.

ID: hron8xk

rinse wash repeat

9 :Anonymous2022/01/08(Sat) 00:45:24ID: hrpr6a9

Considering how many white collar workers can work from home now and the fact that companies are getting better with a remote workforce… I think we may see these inflated prices as the new norm for some time.

ID: hrrsx0p

Why does WFH inflate house prices? I’d think that it would allow people to expand into lower cost areas.

10 :Anonymous2022/01/08(Sat) 03:35:44ID: hrqeez9

Everyone wants low income housing to reduce homelessness. Nobody wants low income housing near therm because they think it causes homelessness and crime, but most importantly, short term land prices .

ID: hrrueo4

Not everyone wants more housing as it drives down the market price, this is a big issue in the UK as older people want their houses to accrue value but it's stopping a lot of younger people getting on the housing ladder.

11 :Anonymous2022/01/07(Fri) 23:05:39ID: hrpcm60

But a bubble is starting to form. It probably won’t pop for a while as building supplies and construction crews are in short supply. When that starts to correct itself you’ll see a building spree. We will go from under supply to short supply as quickly as frames can be built. Inevitably the bubble will pop in some form or another and prices will fall. This s probably a decade or so out given current conditions.

ID: hrpwp3a

Its not that easy without zoning reform, you need land to build houses and the land near cities is mostly taken up by horribly wasteful R1 single family zoning/houses.

ID: hrpzmlh

Know one knows, lots of boomers will be not needing a home once they pass, so lots of homes will flood the market, not to mention all those hedge fund and bank owned homes , once the carry costs start outweighing their rental potential or real estate market softens affecting their resale value, if 2008 taught us anything it's how a great market can become a bubble in under 9 months, once sentiment shifts.....

ID: hrry0bs

This isn't a bubble. We were just met with a series of economic events that make home ownership more valuable. There's no hot air in this "bubble" of home appreciation. More like a liquid concoction of lower interest rates, low supply and high demand.

12 :Anonymous2022/01/08(Sat) 01:31:47ID: hrpxoaf

Let me check my clock, about 4 more years,...like a clock.

ID: hrqpu5p

RemindME! 4 years “sell!”

13 :Anonymous2022/01/07(Fri) 23:52:04ID: hrpji5j

Hopefully homes just get cheaper when I start looking 🙂

15 :Anonymous2022/01/08(Sat) 12:00:24ID: hrro564

It says global. But housing rate is not same everywhere.

17 :Anonymous2022/01/08(Sat) 04:13:17ID: hrqj5a5

It's very basic supply and demand. Are there gonna magically be a bunch of new houses created out of thin air anytime soon? No? Ok, good luck to ya.

18 :Anonymous2022/01/08(Sat) 13:42:01ID: hrrxs59

As long as they keep printing money

19 :Anonymous2022/01/08(Sat) 14:11:19ID: hrs14ey

Until the government stops nationalizing the housing industry you know because this this a fair and free market.

20 :Anonymous2022/01/08(Sat) 15:43:05ID: hrsd1bs

Interest rates are going up to slow inflation. Housing prices, especially in Canada will come down hard. Nobody will take out loans for 1.2 million on a shit bungalow with interest rates at 5%

引用元:https://www.reddit.com/r/finance/comments/ryascb/how_long_can_the_global_housing_boom_last_the/