▲ 454 ▼ me_irl (thelemmy.club) submitted 3 months ago by fireweed@lemmy.world to c/me_irl@lemmy.world 43 comments fedilink hide all child comments
[–] IncogCyberSpaceUser@piefed.social 14 points 3 months ago* (5 children) Housing markets isn't getting worse? permalink fedilink source parent hideshow 5 child comments replies: [–] zikzak025@lemmy.world 14 points 3 months ago* (3 children) Looks at "Housing Prices Hit All-Time High" news article from a few months ago The kicker? The only reason there haven't been more recent articles about it is because every day is a new record high. permalink fedilink source parent hideshow 3 child comments replies: [–] SorryQuick@lemmy.ca 1 point 3 months ago (2 children) Am I dumb or is that not supposed to be normal? With inflation you don’t expect it to go down, you expect it to go up a little bit every day. “The housing market is doing better” doesn’t mean prices are going down, but rather that it isn’t going up as fast as it used to. permalink fedilink source parent hideshow 2 child comments replies: [–] SystemDisc@feddit.org 4 points 3 months ago (1 child) I think the point is that the pricing is much higher than it ought to be, so to get genuinely better the prices either have to go down or you have to have a very long period of them not going up as much as inflation. permalink fedilink source parent hideshow 1 child comment replies: [–] zikzak025@lemmy.world 5 points 3 months ago* This. It's not just inflation in isolation, but the fact that wages are rising slower than inflation, while cost of housing is rising faster. Adjust for inflation and you'd see wages dropping, while housing continues to go up. This creates a growing and unsustainable affordability gap. permalink fedilink source parent [–] FiniteBanjo@feddit.online 9 points 3 months ago* (last edited 3 months ago) Obviously this is regionally dependent, but housing supply is set to overtake the growing demand in the next few years. Heres a random source I googled which cites Mortgage Banker's Association crying over loss of potential future profits if they accidentally build enough units for housing to become cheap again: SOURCE permalink fedilink source parent
[–] zikzak025@lemmy.world 14 points 3 months ago* (3 children) Looks at "Housing Prices Hit All-Time High" news article from a few months ago The kicker? The only reason there haven't been more recent articles about it is because every day is a new record high. permalink fedilink source parent hideshow 3 child comments replies: [–] SorryQuick@lemmy.ca 1 point 3 months ago (2 children) Am I dumb or is that not supposed to be normal? With inflation you don’t expect it to go down, you expect it to go up a little bit every day. “The housing market is doing better” doesn’t mean prices are going down, but rather that it isn’t going up as fast as it used to. permalink fedilink source parent hideshow 2 child comments replies: [–] SystemDisc@feddit.org 4 points 3 months ago (1 child) I think the point is that the pricing is much higher than it ought to be, so to get genuinely better the prices either have to go down or you have to have a very long period of them not going up as much as inflation. permalink fedilink source parent hideshow 1 child comment replies: [–] zikzak025@lemmy.world 5 points 3 months ago* This. It's not just inflation in isolation, but the fact that wages are rising slower than inflation, while cost of housing is rising faster. Adjust for inflation and you'd see wages dropping, while housing continues to go up. This creates a growing and unsustainable affordability gap. permalink fedilink source parent
[–] SorryQuick@lemmy.ca 1 point 3 months ago (2 children) Am I dumb or is that not supposed to be normal? With inflation you don’t expect it to go down, you expect it to go up a little bit every day. “The housing market is doing better” doesn’t mean prices are going down, but rather that it isn’t going up as fast as it used to. permalink fedilink source parent hideshow 2 child comments replies: [–] SystemDisc@feddit.org 4 points 3 months ago (1 child) I think the point is that the pricing is much higher than it ought to be, so to get genuinely better the prices either have to go down or you have to have a very long period of them not going up as much as inflation. permalink fedilink source parent hideshow 1 child comment replies: [–] zikzak025@lemmy.world 5 points 3 months ago* This. It's not just inflation in isolation, but the fact that wages are rising slower than inflation, while cost of housing is rising faster. Adjust for inflation and you'd see wages dropping, while housing continues to go up. This creates a growing and unsustainable affordability gap. permalink fedilink source parent
[–] SystemDisc@feddit.org 4 points 3 months ago (1 child) I think the point is that the pricing is much higher than it ought to be, so to get genuinely better the prices either have to go down or you have to have a very long period of them not going up as much as inflation. permalink fedilink source parent hideshow 1 child comment replies: [–] zikzak025@lemmy.world 5 points 3 months ago* This. It's not just inflation in isolation, but the fact that wages are rising slower than inflation, while cost of housing is rising faster. Adjust for inflation and you'd see wages dropping, while housing continues to go up. This creates a growing and unsustainable affordability gap. permalink fedilink source parent
[–] zikzak025@lemmy.world 5 points 3 months ago* This. It's not just inflation in isolation, but the fact that wages are rising slower than inflation, while cost of housing is rising faster. Adjust for inflation and you'd see wages dropping, while housing continues to go up. This creates a growing and unsustainable affordability gap. permalink fedilink source parent
[–] FiniteBanjo@feddit.online 9 points 3 months ago* (last edited 3 months ago) Obviously this is regionally dependent, but housing supply is set to overtake the growing demand in the next few years. Heres a random source I googled which cites Mortgage Banker's Association crying over loss of potential future profits if they accidentally build enough units for housing to become cheap again: SOURCE permalink fedilink source parent
