Economist raises alarm over 'inevitable collapse' in US home prices
Discussion in 'Other News' started by Chinatown, Aug 23, 2021.
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misterG, God prefers Diesels and Rideandrepair Thank this.
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Good plan on your part. I saved some cash and bought a home at the bottom of the last housing crash. Value of the house has gone up 3 times what I paid for it.
Anyone wanting to purchase a home and has some cash available, be patient, the next crash is coming.Dave_in_AZ, Midwest Trucker, misterG and 5 others Thank this. -
It's not gonna be just the housing market...
Studebaker Hawk, clausland, sevenmph and 3 others Thank this. -
FYI - The mortgage debt relief act was extended to 2025 in one of the recent Covid bills, as I understand it.
This prevents an underwater homeowner who does a short sale or foreclosure from owing capital gains taxes on the forgiven debt.
We want the underwater homeowners to bail to help burst the bubble.D.Tibbitt, bzinger, LameMule and 1 other person Thank this. -
Before that, we had made several offers on other homes and were quickly shut out by investment companies. -
LoneRanger, Midwest Trucker, nredfor88 and 2 others Thank this.
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Narrowed that down to Palm Coast, Florida and Clark County, Nevada.
Henderson/Las Vegas is in Clark County.
That's like a stressful game, but it can really pay off for people looking for a home purchase.Last edited: Aug 23, 2021
misterG, Rideandrepair and bzinger Thank this. -
If a person plays this housing market correctly they will substantially increase their net worth in a fairly short period of time.
misterG, Rideandrepair, bzinger and 1 other person Thank this. -
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