Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Covid only expedited the inevitable - people want bigger homes closer to the city, even if they're not living in the city.Best Debt Consolidation Loans for Bad Credit There's been a worldwide trend where there people are moving back to urban areas, rather than flocking to rural areas. Especially in desirable areas with great schools, great infrastructure, and closer to city centers. Regardless of covid, home prices are rising everywhere.A rush to buy bigger houses during covid were again, fueled by those that can afford to work from home (e.g., the upper-middle class).This is very different from 2008 where strippers were buying 2-3 homes (reference from the big short). A bubble implies that real cash payments are not adequately paying off inflated asset prices the rich are buying, not the working class.This means that the rich don't care because they can still afford higher rates while the middle class are getting shafted. Many nations have attempted to curb the real estate market by making it harder to get loans or even raising interest rates but the rates still remain relatively low compared to market.Homes are being purchased by wealthy individuals and other financial funds this further inflates prices in desirable areas.If there is a shake up in the market, it will happen when the middle class is closer to retirement age - where their only asset is a home and they've got to sell/downsize to meet their retirement demands. The rich getting richer has been a global phenomenon for the average middle class, real estate remains to be a primary investment and retirement plan.Lower interest rates around the world have led to patterns of incurring additional debt, including mortgage.Yes, although I disagree that there's a housing bubble. Other mentions of party or politician are at moderator discretion. The endorsement or opposition of any political party or politician is strictly prohibited. However, politics and discussions involving the arguing for or against political ideologies including, but not limited to, liberalism, conservatism, Democratic, Republican, civil rights, nationalism, and globalism are strictly prohibited. Politics and government policy inform economic activity within the residential housing market.That said, posts which are low effort and appear to be attempts to inflame or bait REBubble community members rather than generate an honest discussion will be removed at moderator discretion. Anecdotes, speculation, and data is welcome from all sides. We have no desire to forcefully create yet another echo chamber community on Reddit. Dissenting opinions from real estate bulls and bubble doubters are welcomed and even encouraged.No low effort submissions which serve only to troll or bait the REBubble community. This includes but is not limited to contacting the OP of the crosspost via PM, replying to one of their comments or posts to inform them of the /r/REBubble submission, or tagging their username anywhere within the subreddit.Ĥ. Do not attempt to notify these users in any way that their post/comment has been featured on /r/REBubble. Reddit users are not notified when their posts are crossposted to another community.No notifying "case study" crosspost OPs of their appearance on /r/REBubble. Do not use these links to engage with the source subreddit in any manner that would violate their rules or the Reddit content policy, and do not encourage any users to do the same.ģ. Nearly anything goes when discussing these crossposts, as long as all comments stay within the /r/REBubble comment section of the crosspost. Crossposting "case study" posts/comments to discuss examples of bubble behavior, or any content relevant to REBubble from other communities is completely fine.Absolutely no brigading of other Reddit communities. Attack the argument, not the person when replying to other users within the subreddit.Ģ.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |