Featured Possible future vice president J. D. Vance introduces bill to promote gas-powered vehicles

blackrock?

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Keep in mind- raw demographics says that in about 10 years the USA will have too many homes for its population. Sometimes an excess supply translates to low prices.

The trick is that I think we will see a good bit of housing stock become undesirable/unmaintainable/uninsurable in certain warm and low-lying regions, on a very similar time scale.

So there's a good shot at housing prices stalling or even falling- but it's going to be very unequal in terms of location.

 

Right now I guess I could move to Michigan and find an affordable house. I just don't know of any other reason. In 10 years I'll be 62. We'll see what happens I guess.

 

Ask your relatives if they felt the $60,000 was too much at the time. My dad thought anything over 10,000 was too much money. It usually has been jumping in at what can be safely handled with payments, and it’s considered a home not a stock investment, later on it’s paid for and the price has gone up. Prices will rise and fall but the home is still a home to live in with it slowly being paid off. A 15 year mortgage puts you at a normal retirement age with no house payments. Yes it seems tough to do and handle now. There could be a recession maybe then it becomes a better entry point.

 

in my 70 years of existence, housing prices have never fallen in desirable areas around here. they have flattened for a few short periods of time though.

 

we have state cap gains that have to be paid, even when under the fed limit. same with inheritance taxes