Viewing a single comment thread. View all comments

Positive-Material t1_j4j1jc1 wrote

watch 'Sachs Realty' on YouTube - he says prices are going down already and will go down (although maybe not in the Northeast), because everyone is SPENDING too much in general and people can't afford this, or to repair and keep up the huge houses they bought. So in 3 years we will have a repeat of 2008, it is just starting now though. Personally, I would wait for this house to do price drops and then offer $250,000 and put in $100,000 in repairs to make functionable - https://www.redfin.com/MA/Attleboro/25-Dailey-St-02703/home/15969095 Then you have a house for $350,000 near two high ways..

−5

Unfair_Isopod534 t1_j4jspof wrote

>So in 3 years we will have a repeat of 2008

Why? Seriously why? Will everyone need to sell at the same time and nobody will want to buy?

10

repthe732 t1_j4lmcpu wrote

Sachs Realty has been saying housing prices are going to go down every month for almost a year now

3

Positive-Material t1_j4m7diu wrote

You're probably right - they are wishy washy about their predictions, but their content is reasonable in my opinion. Hey, at least they aren't as bad as Peter Shiff saying buy gold because housing is a bad investment in 2010, which was the best time to invest in it.

2

willis936 t1_j4j9kse wrote

I happily anticipate the hard landing.

1

Positive-Material t1_j4jayyn wrote

it will fall at least 10-20%, rentals are already offering 1-3 free months in order to not drop their monthly rates in their reports to their investors.

0

mini4x t1_j4ky4m9 wrote

Says a 52 min commute to my office, 2 hours if I want to try transit.

1