Economy The great housing market crash of 2022

I’m actually a little surprised you know this. It is potentially disastrous for our future. It’s also robbing people of one of the chief ways people build wealth in the United States. It needs to be stopped but I don’t think either party is interested in it.

Interestingly, one of the things that won the people to Julius Caesar’s camp when he was struggling with the senate for power was the common people losing wealth and property to the elites. I’m beginning to wonder if we are not seeing history repeat itself.

The Government does not need to 'stop' it. They just need to not bail out the fuckers when shit goes pear shaped. For a people so in love with capitalism, we sure seem to be fickle about it.
 
there is more houses compared to population than ever in American history. There is something a little over 2 people for every house.

There may be supply issues that are impeding new construction work and therefore making it difficult to increase the supply as you stated but the supply was already huge to begin with.


Are you referring to size of household? Tricky to drill down as to what constitutes a home as there are over 10,000,000 buildings with over 20 units in the US and much of these are apartments.


United States Housing Statistics
United States
Number

Percent

Total housing units 115,904,641 100.0
UNITS IN STRUCTURE

1-unit, detached 69,865,957 60.3
1-unit, attached 6,447,453 5.6
2 units 4,995,350 4.3
3 or 4 units 5,494,280 4.7
5 to 9 units 5,414,988 4.7
10 to 19 units 4,636,717 4.0
20 or more units 10,008,058 8.6
Mobile home 8,779,228 7.6
Boat, RV, van, etc. 262,610 0.2
 
i said aircreet homes can be built way cheaper than traditional methods and made NO implication on any level as there are varicose building methods used for aircreet. you ASSumed a lot with a bad attitude because you are generally a toxic and unhappy person (cuntish) and i just let you keep sinking because its not my problem you cant read about a subject or ask clarifying questions before spouting off.

MANY homes are built ONLY with aircreet so even the first point is stupid and ignorant. Its a great alternative for MANY application.

you are sure lying (ASSuming) a lot about my position so you can fit your asshole responses into the data.

i feel sorry for you man,
I think you have got to be one of the dumbest posters I've ever interacted with on sherdog.
If a structural engineer couldn't convince you of how ridiculous you sound right now than it's clear we are dealing with a brain dead, narcissistic, idealist chode.

That's the problem with challenging idealists. They take it way too personally when they realize their ideas aren't as bullet proof as they want it to be. But go ahead and build a bubble in the middle of the desert with aircrete.
 
I think you have got to be one of the dumbest posters I've ever interacted with on sherdog.
If a structural engineer couldn't convince you of how ridiculous you sound right now than it's clear we are dealing with a brain dead, narcissistic, idealist chode.

That's the problem with challenging idealists. They take it way too personally when they realize their ideas aren't as bullet proof as they want it to be. But go ahead and build a bubble in the middle of the desert with aircrete.

the structural engineer took your assumptions and assumed i actually wrote them.... once he discovered he was attacking a position in never shared but that you assumed he stopped posting. but nice appeal to authority there.

try some more insults i hear that helps.
 
the structural engineer took your assumptions and assumed i actually wrote them.... once he discovered he was attacking a position in never shared but that you assumed he stopped posting. but nice appeal to authority there.

try some more insults i hear that helps.

This is the most hilarious back peddle I've ever seen. Yea buddy, we just assumed the exact same thing by coincidence. It had nothing to do with your presentation.

Sorry homes, next time word yourself a little bit better and try not being a little cunty fuck when someone leaves a comment.
 
This is the most hilarious back peddle I've ever seen. Yea buddy, we just assumed the exact same thing by coincidence. It had nothing to do with your presentation.

Sorry homes, next time word yourself a little bit better and try not being a little cunty fuck when someone leaves a comment.
lol. next time read a bit on the topic or do some research and dont make massive assumptions about what a person is saying off of a couple posts between two people that are not you having a friendly casual back and forth. also leave your toxicity and unhappiness at the door as i dont respond well to negativity.

ill let you have the last word as you arent worth having a discussion with.
 
He did not put policies in place because while this practice did exist before the pandemic, it accelerated because of the pandemic, so it didn't really become the evident problem it is now, let alone reported on until recently. So the deflection to "but trump!" doesn't work here, sorry.

As per even CNN, not FOX or newsmax, etc

Pension funds, investment firms and Wall Street banks are snapping up family homes in Europe and the United States at a rapid pace as prices rocket higher, looking for alternatives to lockdown-hit office parks and shopping malls, and betting that a permanent increase in remote working following the coronavirus pandemic will keep demand for suburban houses elevated.

https://www.cnn.com/2021/08/02/business/family-homes-wall-street/index.html

This trend has accelerated because of shutdowns due to the pandemic, shut downs which are largely from democrat ran states. But regardless, with things shut down, small businesses crushed, people now working remotely and not in office buildings, commercial real-estate is in the dumps, so they switched to residential.

And yes, Trump was a big fan of Commercial real estate, dunno what that has to do with residential? Seems like yet another weird deflection?

But what Trump did show he would do, which a lot of people including the GOP are scared to even talk about are tariffs, which would likely be considered anti-capitalism as you say, as it is not free trade, and hurt big businesses wanting to get cheap stuff from China, etc. Preventing firms from buying residential property would be like domestic tariffs in a way.

Lol man, I wasn’t trying to deflect at all. I was simply asking if you honestly believed Trump would have prevented/solved the housing crises, as he did not deploy any policies while in office. I do not agree with your assessment that it was not a problem while he was in office, the crash has been projected for years. Perhaps the pandemic did seem to accelerate things, but the last crash (and every such one before previous) happened with no existing pandemic, so clearly there is more at play.

Commercial real estate- this was not another deflection good lord please stop with that, we are just trying to talk. Commercial and residential go hand in hand, there is only so much land to distribute and utilize. Just seems like a man who makes millions off of real estate by exploiting the policies in place would not want to alter such policies, as he probably has friends in high positions that are continuing to thrive, and probably money at stake himself.

But anyway this is neither here or there, I do not think the president has as much influence as everyone likes to believe. Whenever something good happens they always get credit by their own party, discredited by the opposing party, and whenever something bad happens it is vice versa. The housing market, just like the economy, runs in cycles. If the crash happens during this term the Republicans will of course blame Biden, and the Dems will blame Trump as he was the last acting president. If it crashes next term and Trump is in office, the Dems will blame Trump because he is now the leader, and the Republicans will blame Biden and his policies. It’s the same shit with every presidency and every issue, drives me nuts.
 
I have completely given up worrying about stock market and home value fluctuation as I am now largely insulated. I understand a lot of people are not in the same boat though.

Our primary residence will be paid off in a couple years, and we have another small rental property that is already paid off. We have no trouble keeping it rented.

If property values go way down, it's not a problem. We won't sell and might even buy another property. In about 12 years when the youngest kid ages out of the house, we will wait for an up market to downsize. We are already talking about where we might want to live when we retire. If we can firm up a spot, we might consider buying our retirement home and renting it out if the market goes really south.

If the stock market plummets, I won't sell....I'll buy.

Stock market and home value fluctuation is nothing to fear. The problem is people don't treat it the same as they treat everything else. If Costco was having a 90% off sale, everyone would be running to the store. But when it's the stock market, everyone runs away. They are the ones having the sale.

I don't worry about the stock market fluctuations either because whatever I invest is long term.
Homes are different than regular investments though. Your home not only affects all aspects of your every day life, but also determines aspects of your kids lives as well such as where they go to school and what path they will have in their lives. If you have a pregnant wife and/or a kid thats ready to start school you cant just say "oh well investment conditions aren't favorable so I'll just stay in my apartment for a few more years".

The fact that the prices of single family homes can have huge market swings due to so many external factors (interest rates, real estate investors etc) is a huge problem imo. People who currently own homes and are settled in will never understand how truly miserable and depressing this situation is for buyers.
 
The crash is coming and we're ready to buy more homes when it does.

People can argue there's not enough homes but it doesn't matter if they can't afford them. Just like rentals. You can't rent for 3k a month when people are making 3k a month.

this rental problem is already happening are an increasing rate

 
this rental problem is already happening are an increasing rate



@deadon did a little bit more looking around at some eviction trends, and certainly accelerating all over. This site has some good tracking info https://evictionlab.org/eviction-tracking/.

The last one, Austin, is the most worrisome to me because this is one of the areas lots of people are moving to and supposed to be booming. Same with Fort Worth and Dallas
https://evictionlab.org/eviction-tracking/fort-worth-tx/
https://evictionlab.org/eviction-tracking/dallas-tx/



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@deadon did a little bit more looking around at some eviction trends, and certainly accelerating all over. This site has some good tracking info https://evictionlab.org/eviction-tracking/.

The last one, Austin, is the most worrisome to me because this is one of the areas lots of people are moving to and supposed to be booming. Same with Fort Worth and Dallas
https://evictionlab.org/eviction-tracking/fort-worth-tx/
https://evictionlab.org/eviction-tracking/dallas-tx/



FRwzjjqXwAIzLaK

FRwzsMgXwAA8Zmd

FRwz4YzWYAAhm-E

Things are about to get real ugly. People hate the truth but it's coming.

I heard somewhere there's more homeowners in default than we've ever seen. Mortgage companies are trying to restructure loans ect. I don't think people have any idea we're sitting on a time bomb. Inflation, fuel prices, I paid 5.19 a gallon for diesel today. That fuel powers trucks that take everything to grocery and other retailers. Energy prices and the CA drought will also play a role.
But hey, go buy a $80k EV! Lol
 
Things are about to get real ugly. People hate the truth but it's coming.

I heard somewhere there's more homeowners in default than we've ever seen. Mortgage companies are trying to restructure loans ect. I don't think people have any idea we're sitting on a time bomb. Inflation, fuel prices, I paid 5.19 a gallon for diesel today. That fuel powers trucks that take everything to grocery and other retailers. Energy prices and the CA drought will also play a role.
But hey, go buy a $80k EV! Lol
check out this segment discussing findings that show that 54% of so called "inflation" is opportunistic price gouging using inflation as an excuse. im not and its not saying inflation is not a real problem btw.

 
lol. next time read a bit on the topic or do some research and dont make massive assumptions about what a person is saying off of a couple posts between two people that are not you having a friendly casual back and forth. also leave your toxicity and unhappiness at the door as i dont respond well to negativity.

ill let you have the last word as you arent worth having a discussion with.

1) "That sounds dangerous" (the massive assumption)

2) "Maybe read up on it cause you're dead wrong. People build 3 story aircrete homes all the time." (The extent of your knowledge on the subject)

3) * structural engineer enters the chat assuming the same thing* "It is dangerous."

3) You guys are just making assumptions based off of what I said, read up on it next time, I meant it in another way, you're negative and toxic and looking for fights, you aren't worth my time.

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this rental problem is already happening are an increasing rate



Can't take what's happening in NY seriously though. I was reading about prices in NY dropping under half of what the rent used to be before Covid. I could see a lot of young dumb people moving in during that time now having to move back out once the land lords raised the rent back up to what it used to be.
 
check out this segment discussing findings that show that 54% of so called "inflation" is opportunistic price gouging using inflation as an excuse. im not and its not saying inflation is not a real problem btw.


Yeah I saw someone posted that before. I just don't think thats the case.
First of all a pandemic is going to cause inflation. Second a shipping container went from 2k to 25k at one point to get goods to the US. Who do you think pays that in the end?
Then we have wages increasing. Does anyone think the employer is going to eat that increase or pass it to you and I? This was the argument against higher wages for years and now we're seeing it happen in real time.
Construction, there's not enough homes and this drove up everything from lumber to concrete ect. Again, this will get passed onto the end user.
I could go on and on but I hope people understand what I said so I don't have to go I to it more.
Also, if it wasn't inflation and it was gouging we wouldn't see a recession.
 
Yeah I saw someone posted that before. I just don't think thats the case.
First of all a pandemic is going to cause inflation. Second a shipping container went from 2k to 25k at one point to get goods to the US. Who do you think pays that in the end?
Then we have wages increasing. Does anyone think the employer is going to eat that increase or pass it to you and I? This was the argument against higher wages for years and now we're seeing it happen in real time.
Construction, there's not enough homes and this drove up everything from lumber to concrete ect. Again, this will get passed onto the end user.
I could go on and on but I hope people understand what I said so I don't have to go I to it more.
Also, if it wasn't inflation and it was gouging we wouldn't see a recession.


nobody is saying inflation is not a serous problem.... only that 54% of it is opportunistic corruption. watch the segment man its very informative. i didn't post this to disagree with you at all man.
 
nobody is saying inflation is not a serous problem.... only that 54% of it is opportunistic corruption. watch the segment man its very informative. i didn't post this to disagree with you at all man.
I got ya but I'm not saying it's just inflation. I listed many reasons why prices are up.
So far the admin has blamed gouging, Russia, Trump, oil companies, covid, but they don't want to talk about trying to get rid of oil. Or printing money like it's nothing.
Do I think there's some gouging going on? Sure, but if people can't understand when everything goes up from labor to fuel that prices will rise then they don't want to see or understand what's going on. I mean, my local taco bell is paying fast food workers 15hr. That's fine and all but when you raise wages 5.00 a hr per employee and fuel goes up and truckers have to get the food there. Prices are going to go up.
 
Things are about to get real ugly. People hate the truth but it's coming.

I heard somewhere there's more homeowners in default than we've ever seen. Mortgage companies are trying to restructure loans ect. I don't think people have any idea we're sitting on a time bomb. Inflation, fuel prices, I paid 5.19 a gallon for diesel today. That fuel powers trucks that take everything to grocery and other retailers. Energy prices and the CA drought will also play a role.
But hey, go buy a $80k EV! Lol

Foreclosures are currently less than pre-pandemic levels. Everyone who bought homes last year got the lowest interest rates in US history, and many people who already owned, refinanced to get those low interest rates. The chances of these people defaulting in mass anytime soon is extremely unlikely and these people will likely never sell since they wouldn't want to give up their low locked in mortgages... further limiting inventory.

IMO for there to be any kind of decline in home prices, there would have to be a recession where many people lose their jobs, eliminating enough prospective buyers from the pool, allowing inventory to catch up with demand. Obviously this isn't the scenario that we want, but with the spikes in interest rates, that's not out of the realm of possibility.. Its just not happening any time soon, if at all. Ironically the crazy housing market would soften the blow to the economy if there was a recession.
 
Foreclosures are currently less than pre-pandemic levels. Everyone who bought homes last year got the lowest interest rates in US history, and many people who already owned, refinanced to get those low interest rates. The chances of these people defaulting in mass anytime soon is extremely unlikely and these people will likely never sell since they wouldn't want to give up their low locked in mortgages... further limiting inventory.

IMO for there to be any kind of decline in home prices, there would have to be a recession where many people lose their jobs, eliminating enough prospective buyers from the pool, allowing inventory to catch up with demand. Obviously this isn't the scenario that we want, but with the spikes in interest rates, that's not out of the realm of possibility.. Its just not happening any time soon, if at all. Ironically the crazy housing market would soften the blow to the economy if there was a recession.
You're right, because mortgage companies are working with home owners to prevent foreclosures.

As for the rest, everyone can make a prediction and you and I have made ours. Now let's see what happens.

Edit, home loans drop.
https://www.msn.com/en-us/money/rea...es-fall-amid-rising-mortgage-rates/ar-AAWEoJ1
 
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