Can someone tell me what exact fundamental evidence there is for a housing market crash?
I’m not seeing it
Yet the level of delusion at r/REBubble is boiling over everyday
There are literally people there who think if they wait a few weeks they will get 2017 prices and saying there will be 50% price cuts. When I point out several basic facts like
-If there is a crash depreciation can take several years
-Building of inventory to pre-pandemic levels could take several years
-Housing prices historically appreciate… with few very small exceptions. Even if there is a historical crash prices will rise again.
-There is no subprime loan crisis brewing because regulations were changed.
They have absolutely no counter argument, and maybe some response like “hoomz buyer always goes up”.
These is just a forum of complete trolls right, people can’t actually be that delusional can they?