19 Apr 2023 8:13 am
today's home prices are only a spike in the prices of homes. major cause of home price chages are: wars in your nation. 1930 style depression. huge increase in inflation. land use laws that dry up inventories. lots of reasons. as the population increase, and land use laws stop single home building. the only way a young american will get a single family home is to inherit one. wow. the child who inherits the home will never have home payments. while his buddy will struggle to make ends meet. the social pressure will be on to increase property taxes on the inherited homes, to pay for the local schools. is that right. anyway, today's young people want to live in big city apartments. eat out, no commuter cost, no mowing lawns, spend on seeing the world and no children. as interest goes up, why buy a house? yes. single home prices will crash again. as life styles change.