Economy

no_hypocrisy

(49,337 posts)

6. IMO, the prices of homes weren't matching their actual value for a long time.

Thu Oct 27, 2022, 03:54 AM

Oct 2022

Homes/Property were being treated as investments, commodities versus security for families. An option to avoid homelessness or indefinite renting.

A lot of investors or investment houses have subjects that are "underwater" as their mortgages are higher than the resale value of the properties obtained.

And ironically, falling home prices still make buying a house unobtainable for many people as what they save in the price of the house is now moved to what they pay in interest on the mortgage for that house. And you pay for the interest for several years before you begin to pay for the principal of the mortgage, i.e., paying for the equity for the house.

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From Forbes regarding decline in home prices: [View all] sprinkleeninow Oct 2022 OP

Not as bad as 2008 I hope. multigraincracker Oct 2022 #1

Where's the talk about corporate profit margins at an all time high?! Bluethroughu Oct 2022 #2

There is almost no mention of corporate profits underpants Oct 2022 #4

Oh I totally agreed, and knew they'd take that opportunity out of the hands of people... Bluethroughu Oct 2022 #5

Why would you expect that in an article about home prices? And who's been wrong for 40 years? mahatmakanejeeves Oct 2022 #7

The GOP and chairman Powell of the Federal reserve. Bluethroughu Oct 2022 #8

they need to decelerate Skittles Oct 2022 #3

IMO, the prices of homes weren't matching their actual value for a long time. no_hypocrisy Oct 2022 #6