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27 sats \ 1 reply \ @thecommoner 27 May \ on: Housing Market Declines in March econ
Not sure that "crash" is an accurate descriptor...
(Side thought) - I need to look into housing markets in economies going through periods of higher inflation....do they really crash or just kind of rotate through a devaluation/revaluation process?
I think its more likely that we have "area markets" that are highly negatively impacted when compared to the "median" and other "area markets" that are simply better positioned to retain values closer to or maybe even getting more costly?
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0 sats \ 0 replies \ @Undisciplined OP 27 May
Very good point.
For a long time, and especially since Covid, Americans have been moving out of major metro areas and into mid-metros. Given the huge disparity in real estate prices between the two types of metros, there's some natural cost reduction that has little to do with lifestyle downgrades or a general crash.
I'm particularly interested in the DC real estate market right now. Despite how underwhelming DOGE has been at draining the swamp, lots of swamp monsters seem to be moving out.
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