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xxxxxxxxxxxx on scored.co
1 month ago1 point(+0/-0/+1Score on mirror)1 child
I'm in the market for a house to flip... The foreclosures are already here but no major deals yet. Tons of listings directing you to auction.com and assessor sales for the foreclosure auctions but most get canceled for now, I'm sure it's coming though.
They're either crashing or there will be hyperinflation. The reason they haven't yet is purely inflation. Nobody is making more money at their 9-5 to afford a house right now.
A year ago I would've said hyperinflation and dollar collapse is most likely, but currently new home builders are sitting on a huge inventory of houses they can't sell and they've put new building on hold. So at this point, I'd expect a price crash of maybe 25%, a stimulus and rate cuts to cause hyperinflation and then a collosal crash of the dollar.
investment groups are buying up the free inventory. zoning laws are restricting new builds. everyone is going to be a 50 year debt slave (your entire useful life) or rent forever.
we're going to kick the can down the road at least another 10 years, probably more. then one day, hyperinflation and chaos.
A year ago I would've said hyperinflation and dollar collapse is most likely, but currently new home builders are sitting on a huge inventory of houses they can't sell and they've put new building on hold. So at this point, I'd expect a price crash of maybe 25%, a stimulus and rate cuts to cause hyperinflation and then a collosal crash of the dollar.
we're going to kick the can down the road at least another 10 years, probably more. then one day, hyperinflation and chaos.