I think I’ve been crossing back and forth between two topics in this thread and haven’t made myself clear.
Do I think housing prices will drop? Yes, at some point in the next fews years. As bad as 2008? Nope. It may not hit 20% down as sdr points out.
What I do think will happen is that stocks will crash. Probably greater than 20%, perhaps 30, unsure about 40. And I’m totally unsure of the timing of that.
I could totally be behind the times. Perhaps we are drawing so many tech jobs that housing prices won’t dip. Certainly a possibility.
Another thing I may not be factoring in is just what sdr pointed out. House price increases aren’t linear. At least in my neighborhood, we are coming off a few years of not impressive price increases. Then this year hit. Perhaps it is making up for past years when we got overlooked, and when viewed through that lens perhaps 30% increase is justified.
I don’t know. I’m not an expert. I just play one on the internet.
