Quote:
Originally Posted by Normal
I get it, but in the villages almost all the newer homes are cement block construction any how. Only the inside walls and trusses are wood. That said, construction materials made for other things have been hit by the inflation bug.
In the long run, I don’t really see prices going down much or at all. Maybe they will stabilize? You see, it isn’t some kind of financial bubble as much as it is supply and demand. When the supply does catch back up, how hard do you feel demand will effect the market? Prices won’t be dropping quickly or hard. In fact, we could be on the cusp of inflation, then all bubble theories are garbage.
|
As long as mortgage rates are low, homes will remain as high as the demand. The real question is how much longer the FED can manipulate the marketS!! Yes, plural.