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Originally Posted by Normal
Um ya, I don’t see the reduction you are waiting for. Demand for housing is increasing, but the inventory just isn’t there. Maybe a flattening of prices? The country had 3.8 million fewer housing units than it needed at the end of 2020.
With that in mind, there may be a decrease in demand at some point? Higher prices will decrease the pool of eligible buyers, but the market demand will continue to stimulate supply. Credit rules haven’t eased much leading to some kind of financial collapse, but they might ease because of the homeless situation brewing after the renter moratorium fold. A market equilibrium just might come, but it’s still a fair time away. There won’t be a housing collapse like the one in 08 that was linked to bad loan behavior and the banks.
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don’t forget we have a massive shadow inventory of pending foreclosures of plus or minus 4 million homes. We have massive rental evictions coming now the moratorium has been lifted.. and I would think a lot of those burnt will be selling those rentals. Lumbar prices have bottomed out. The villages is moving to precast building significant as it reduces time to build and cost.. sadly no one has a crystal ball. But this reminds me of the stock boards.. stocks gonna rocket buy buy buy and what happens ? What goes up must come down