Collapse

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This is the place for discussing the potential collapse of modern civilization and the environment.

Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.

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I think the housing market is about to burst again (lemmy.world)

submitted 3 days ago by errer@lemmy.world to c/collapse@lemm.ee

12 comments fedilink hide all child comments

Have noticed a ton more houses for sale in my city, about double of last year. Prices have declined and houses are staying on the market longer. I think people thought interest rates were finally going to go down but with the fed keeping them at their current levels there’s a lot of owners trying to get out of the market while it’s still relatively up. I suspect within another year the bubble is going to burst.

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[–] eleitl@lemm.ee 9 points 3 days ago (1 children)

Which country is this? If in US, which state?

[–] SupraMario@lemmy.world 4 points 3 days ago (1 children)

The fed = USA.

[–] errer@lemmy.world 2 points 3 days ago (1 children)

Yep, Southern California specifically

[–] eleitl@lemm.ee 2 points 3 days ago (1 children)

Thanks. How is Inland Empire these days?

[–] SupraMario@lemmy.world 2 points 3 days ago

Not great, but no revolution yet... I can smell it coming though.

[–] Gradually_Adjusting@lemmy.world 8 points 3 days ago (2 children)

Worth noting that until monetary policy changes so that housing isn't treated as an investment, almost any collapse in prices will only set the market back a few years. Obviously not talking about a complete catastrophic collapse of the economic order, but those are harder to time.

[–] Carmakazi@lemmy.world 4 points 3 days ago (1 children)

This is the key point. Any dip in the market will be speculated upon by institutional money, driving supply down and prices up.

I've thought the housing market was going to collapse "soon" for almost a decade.

[–] Gradually_Adjusting@lemmy.world 2 points 3 days ago

Once we buy, then it will dip. That's also how investing works, in my experience

[–] errer@lemmy.world 1 points 3 days ago (1 children)

I dunno, the 2008 crash did a prolonged amount of damage, had it been a little deeper than it was we may not have recovered. At least back then we had sane people in charge.

[–] Gradually_Adjusting@lemmy.world 3 points 3 days ago

I don't know if papering over the bad debt with TARPs was exactly a sane response, but it definitely kept the music going long enough to have looked like a good idea in retrospect.

I kind of assume anyone posting in a collapse community doesn't need a lecture on that, though.

[–] maketotaldestr0i@lemm.ee 1 points 1 day ago

I doubt there will be much of a crash in housing , if anything increased housing supply will just slowly normalize house prices and any drop in interest rates will bring huge wave of buyers to clear the inventory as pent up demand has people building down payments waiting for interest rates to drop. We are still wildly deficit in affordable housing supply

The lending standards for housing are still relatively tight , it's not like 2007.

[–] Hanrahan@lemmy.world 1 points 2 days ago* (last edited 2 days ago)

Where ? Here in Australia prices are going up again as interest rates go down.