I just posted about this article as well on another thread and agree. I don’t think house prices will go down until rents go down. Unlike stocks, you have to have a place to live. Developers are also not overbuilding and instead, building things that will sell and no low cost units.
As mentioned, even if “you” leave and don’t want to rent and are fed up, there seems to be an insane amount of people who are glad to rent it. I just checked my hood and rents are now up like 200/month from when I last checked like 6 months ago (4S house area).
Glad I don’t have to worry about this stuff currently and one positive of owning vs. renting. Up/down, whatever…my payment is the same.
