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re: There is no place in Texas like Austin

Posted on 6/8/22 at 7:25 pm to
Posted by Golfer1
Naples, FL
Member since Jan 2021
4684 posts
Posted on 6/8/22 at 7:25 pm to
If you think the housing market is crashing in the next two years you are even dumber than you act on here.

It will be another 10 years before the housing market gets level.

They haven’t been building like they used to pre 2008. Without tons of homes being built the housing market isn’t crashing
Posted by ColoradoAg
Colorado
Member since Sep 2011
22441 posts
Posted on 6/8/22 at 7:47 pm to
quote:

If you think the housing market is crashing in the next two years you are even dumber than you act on here.

It will be another 10 years before the housing market gets level.

They haven’t been building like they used to pre 2008. Without tons of homes being built the housing market isn’t crashing

It will. Not sustainable. Just buying a house in my neighborhood requires more than 1 million to buy a house. That is not really attainable for 90% of the population. And it is way worse in places like Boulder and Fort Collins, just in Colorado alone. I've seen houses in Texas that go for more than 500,000. I remember when my parents house cost 80,000 in the state of Texas. My first house in CO was 180,000 and it was a LARGE stretch for my budget. My current and last house value has doubled in three years, and I could not have bought it today ...

It is absolutely not sustainable, not in the Midwest or on the West coast. Not in Virginia, NC, or any number of places on the East coast. Only decent costs I personally know are in Wyoming, and Kansas at this point. And the poorer southern states as well.

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