US wide housing slump?

[ForEverJava]

1 hour ago, terminator_desi said:

https://www.bloomberg.com/opinion/articles/2020-04-10/coronavirus-fallout-u-s-housing-prices-will-tumble

Dont jump into conclusions too fast if virus recovery happens next few week housing marking will double due to low interest rates by summer..agree its temporary halt to everything ..real estate included in that..already chala countries and states opening in phases..keep calm say jai balio...

 

My 401k that was 40k down march1st week is reocvered 95% back already ..jerra oka rendu varalu opika patturi..ucchha apukoleka ilanti thread vayya kandi..weak hearts recent ga illulu konnolla gunde agipoddi..silly fellows..😂😂😂

[hotmaddy]

17 minutes ago, terminator_desi said:

Which location bro?

Iowa.

[Gaali_Gottam_Govinda]

1 hour ago, user789 said:

hard to predict...but high chances of not getting much impacted on real estate...2014-2019 the price went to skyrocket....so the price might go down may be 10-20%...which is not a big impact...

2017 is the peak........... 2017-2019 nundi  Home prices shaky gaane undi.

 

Now the prices will crash 30%-50% in the next 5 years.

 

 

[nokia123]

3 minutes ago, Gaali_Gottam_Govinda said:

Now the prices will crash 30%-50% in the next 5 years.

 

 

No way

[AndhraneedSCS]

1 hour ago, perugu_vada said:

Adi chala kashtam uncle

We will know that based on how people spend money after the pandemic.

If people stop spending at Restaurants, dont travel then there may be some impact on various sectors and will eventually turn into a recession. 

 

This is the reason why the govt is giving crazy money to people just so that they will spend and boost the economy right after this is over.

If we have the same Job losses in 6 months from now, then it will impact almost everything in the entire world.

 

 

[Gaali_Gottam_Govinda]

16 minutes ago, nokia123 said:

No way

Lets see. 

In 2008 we don't have Airbnb, Wework and other vacation rental properties............ In some cities where tourist activity is high these vacation properties are close to 50% of total supply............ Coupled with 20% Unemployment rate............ When you have 30 million people lose jobs and many small businesses who may never come back........... This is worse than 2008.

 

It will not collapse overnight.........  But whoever bought homes since 2017 will be underwater and their mortgage will be more than their homevalues in couple of years

 

 

[ring_master]

6 minutes ago, Gaali_Gottam_Govinda said:

Lets see. 

In 2008 we don't have Airbnb, Wework and other vacation rental properties............ In some cities where tourist activity is high these vacation properties are close to 50% of total supply............ Coupled with 20% Unemployment rate............ When you have 30 million people lose jobs and many small businesses who may never come back........... This is worse than 2008.

 

 

Theoritically right. People won't be willing to travel...july long weekend plans already cancelled..Travel will be impacted for another 5  months

[mirchi_bajji]

28 minutes ago, ring_master said:

Theoritically right. People won't be willing to travel...july long weekend plans already cancelled..Travel will be impacted for another 5  months

i feel that only international travel will be impacted. domestic will soon pick up once cases reduce

[pandemkodi]

2 hours ago, user789 said:

hard to predict...but high chances of not getting much impacted on real estate...2014-2019 the price went to skyrocket....so the price might go down may be 10-20%...which is not a big impact...

20 is big bayya we go back to 2016 prices in nor cal atleast