So many homes will come on to the market and the supply and demand won’t match. Buyers market. Hence prices come down.
No not 30%. If that happen holy sh*t . We screwed for a decade.
I’m invested in realestate for along time now. And I’m not confident one bit where we are heading in this game.
Prices already down 1% or 2%.
Mate you must be loaded. You have all this money tied up in cryptocurency and property, what are you worried about?
I know I’m shitting myself with prices going down 1%.
With interest rates at an all time low, you’re paying $325 per week on a $400,000 loan over 30 years at 2.75%. You’re getting $750 per week on jobseeker if unemployed. Why would you need to default your loan or sell your house? Where is this oversupply of houses and people rushing to put their houses for sale?
There has been an oversupply of apartments for years. Houses and land are like gold. If you own apartments that’s your own fault.