Housing market dip/drop/recession

[Coronita]

So spdrun, which college did you attend? How affordable was it?

[spdrun]

Not naming names, but undergrad wasn’t particularly affordable, and I felt I was pushed into attending a private US school by my HS guidance department. Not because they necessarily wanted me to be successful, but because “prestigious” schools improved the high school’s stats.

[Coronita]

[quote=spdrun]Not naming names, but undergrad wasn’t particularly affordable, and I felt I was pushed into attending a private US school by my HS guidance department. Not because they necessarily wanted me to be successful, but because “prestigious” schools improved the high school’s stats.[/quote]

[gzz]

School “quality” has very little effect on intellectual outcomes for children. The biggest effect will be on the child’s likely peer group.

The last two years we’ve even been able to identify more than 100 genes associated with “educational attainment.”

There were some identical triplets adopted by different families in NY suburbs in the 1970s, one rich one middle class one working class. They all ended up at the same college. Nature >>> nurture.

[scaredyclassic]

THREE IDENTICAL STRANGERS … is the awesome movie about those triplets.

but i think only 2 ended up at same college.

i loved that movie. saw it at angelika film center. nice joint.

[scaredyclassic]

its a spiritual journey, not one of numbers and percentages and scores.

[FlyerInHi]

So when the recession does come, and it will, how much of a price drop do we expect?

I think 20% drop peak to bottom in San Diego.

[FlyerInHi]

[quote=gzz]
Nature >>> nurture.[/quote]
For the very smart yes, but in general, I believe it’s the other way around.
It depends.

I agree with the triple package described by Amy Chua and Jed Rubenfeld.

[The-Shoveler]

The last recession was an outlier, most recessions do not affect housing that much.

Of course there are always outlier deals as well to be found even now.

[FlyerInHi]

[quote=The-Shoveler]The last recession was an outlier, most recessions do not affect housing that much.

Of course there are always outlier deals as well to be found even now.[/quote]

It’s true what you said about then past. But houses didn’t go up that much either with higher interest rates

Oh when are the people who predicted skyrocketing Federal deficit induced interest rates are going to be proven right?

[spdrun]

The more interesting thing is tracking housing prices vs inflation. They’ve normally tracked inflation pretty well nationally (recession or not), but they’ve detached from inflation both in 2001 to 2008 and in 2012 to 2019.

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