Some of the problem is new mortgage rates are high while many existing are low

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Jul 25, 2024
8:20:17am

ochobeeguy All-American

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ochobeeguy

Bio page: ochobeeguy
Joined: Oct 25, 2010
Last login: Oct 17, 2024
Total posts: 19,400 (11 FO)

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Messages

Author

Time

The housing problem is simple- people want bigger houses and dual incomes

nova_coug_fan

Jul 25, 7:56am

I do not think there will be a 20% housing correction any time soon.

JuicyJam

Jul 25, 8:07am

FL and TX would like a word.

cougar95

Jul 25, 8:35am

Seriously. Austin owners hoping it stops at 20%

rad dawg

Jul 25, 8:46am

Parts of FL are down almost 40% from peak.

cougar95

Jul 25, 8:47am

Almost that simple. Housing size has increased, but that is partially due to

LeonMarek

Jul 25, 8:11am

So the price per square foot of a home would be less (inflation adjusted) now

SuperTank

Jul 25, 8:16am

You are not correct

nova_coug_fan

Jul 25, 8:20am

Your data does not support your conclusion.

SuperTank

Jul 25, 8:22am

It is basic economics

nova_coug_fan

Jul 25, 8:30am

Is it possible the rising cost of homes has forced more families to need both

SuperTank

Jul 25, 10:20am

Aren't the boomers supposed to die and leave all of these houses unoccupied? Let's go, boomers. Die already.

byujacob

Jul 25, 8:16am

Yeah, I'm not sure there is a great market for a 50 year old home

BYU Fan

Jul 25, 8:43am

Some of the problem is new mortgage rates are high while many existing are low

ochobeeguy

Jul 25, 8:20am

The dual income factor is often overlooked. With marriage less common now, this

LeGrandBleu

Jul 25, 9:22am

Again, lot size shouldn't be left out of this discussion but often is.

Mitty

Jul 25, 5:47pm

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