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outtamojo
Participant[quote=Arraya]Your thinking is backwards. Think in terms of total available housing. If you release more properties to the RE market it will push home prices down and current renters to purchase. Then you have the people that are currently living for free that would have to either find a new rental or create denser living arrangements. The net effect would be downward pressure on rentals and home prices due to the employment picture as less people have employment and would have to “shack up” with somebody.[/quote]
So you believe there are going to be enough willing and able buyers out there despite your views on the coming employment picture?
(“current renters to purchase”)
outtamojo
Participant[quote=Arraya]Your thinking is backwards. Think in terms of total available housing. If you release more properties to the RE market it will push home prices down and current renters to purchase. Then you have the people that are currently living for free that would have to either find a new rental or create denser living arrangements. The net effect would be downward pressure on rentals and home prices due to the employment picture as less people have employment and would have to “shack up” with somebody.[/quote]
So you believe there are going to be enough willing and able buyers out there despite your views on the coming employment picture?
(“current renters to purchase”)
outtamojo
Participant[quote=Arraya]Your thinking is backwards. Think in terms of total available housing. If you release more properties to the RE market it will push home prices down and current renters to purchase. Then you have the people that are currently living for free that would have to either find a new rental or create denser living arrangements. The net effect would be downward pressure on rentals and home prices due to the employment picture as less people have employment and would have to “shack up” with somebody.[/quote]
So you believe there are going to be enough willing and able buyers out there despite your views on the coming employment picture?
(“current renters to purchase”)
outtamojo
Participant[quote=Arraya]Your thinking is backwards. Think in terms of total available housing. If you release more properties to the RE market it will push home prices down and current renters to purchase. Then you have the people that are currently living for free that would have to either find a new rental or create denser living arrangements. The net effect would be downward pressure on rentals and home prices due to the employment picture as less people have employment and would have to “shack up” with somebody.[/quote]
So you believe there are going to be enough willing and able buyers out there despite your views on the coming employment picture?
(“current renters to purchase”)
outtamojo
ParticipantIt seems like some of you believe we have a large pool of willing and able buyers out there to smooth out the wave of newly listed homes for sale? I would’ve never guessed this from some.True there is an equilibrium here somewhere but it is a dynamic one. Ejected homeowner has to find rental/housing right away,home foreclosure/mls listing/home sold/escrow closed can take many months. As for empty homes, I do not know if proposed Tsunami wave has more empty homes than occupied.
outtamojo
ParticipantIt seems like some of you believe we have a large pool of willing and able buyers out there to smooth out the wave of newly listed homes for sale? I would’ve never guessed this from some.True there is an equilibrium here somewhere but it is a dynamic one. Ejected homeowner has to find rental/housing right away,home foreclosure/mls listing/home sold/escrow closed can take many months. As for empty homes, I do not know if proposed Tsunami wave has more empty homes than occupied.
outtamojo
ParticipantIt seems like some of you believe we have a large pool of willing and able buyers out there to smooth out the wave of newly listed homes for sale? I would’ve never guessed this from some.True there is an equilibrium here somewhere but it is a dynamic one. Ejected homeowner has to find rental/housing right away,home foreclosure/mls listing/home sold/escrow closed can take many months. As for empty homes, I do not know if proposed Tsunami wave has more empty homes than occupied.
outtamojo
ParticipantIt seems like some of you believe we have a large pool of willing and able buyers out there to smooth out the wave of newly listed homes for sale? I would’ve never guessed this from some.True there is an equilibrium here somewhere but it is a dynamic one. Ejected homeowner has to find rental/housing right away,home foreclosure/mls listing/home sold/escrow closed can take many months. As for empty homes, I do not know if proposed Tsunami wave has more empty homes than occupied.
outtamojo
ParticipantIt seems like some of you believe we have a large pool of willing and able buyers out there to smooth out the wave of newly listed homes for sale? I would’ve never guessed this from some.True there is an equilibrium here somewhere but it is a dynamic one. Ejected homeowner has to find rental/housing right away,home foreclosure/mls listing/home sold/escrow closed can take many months. As for empty homes, I do not know if proposed Tsunami wave has more empty homes than occupied.
outtamojo
ParticipantApology accepted.
outtamojo
ParticipantApology accepted.
outtamojo
ParticipantApology accepted.
outtamojo
ParticipantApology accepted.
outtamojo
ParticipantApology accepted.
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