ZERO HOUSING INFLATION?....IN UNICORN LAND

The short answer is yes . . . housing prices are falling, not increasing, which would mean that there is zero inflation in the housing market. The home I purchased in 2022 is worth less than I paid for it now, not more; I couldn't sell it for what I paid for it, I'd have to take anywhere between 20K and 35K less, because housing prices are falling, not increasing, which means there is zero inflation in the housing market.

The good news is that I had the monopoly money from the overpriced market in 2022 to use as a downpayment on the new house, so even if housing prices fell 50% I wouldn't be upside down on the mortgage. New entrants into the current market don't have that benefit . . . a decrease in price can put them upside down very quickly.

homeagain wrote: 'LIAR,LIAR, PANTS ON FIRE'...CAN WE SAY...A BOGUS REPORT TO PAINT A BRIGHT PICTURE OF AN ECONOMIC F. U.

Very mature.

Blazer Bob wrote:

homeagain wrote: 'LIAR,LIAR, PANTS ON FIRE'...CAN WE SAY...A BOGUS REPORT TO PAINT A BRIGHT PICTURE OF AN ECONOMIC F. U.

Very mature.

She’s known for being very articulate.