Home › Forums › Financial Markets/Economics › Why hasn’t SD real estate prices fallen off a cliff yet? › FlyerInHi wrote:flu
[quote=FlyerInHi][quote=flu]
You won’t be able to rent out a comparable home these days at comparable monthly costs, so what motivation would you have to sell?[/quote]
True, the high rents are holding up the market. But values are based on transactions and investor transactions are drying up with inventory going up.
A jobs led recession will cause rents to drop. With a recession coming, I wouldn’t buy until 1 year after the recession is announced.[/quote]
impending recession seems to be the sentiment. which can be self-fulfilling.
