Comment on Price correction "worse than 2008" coming to US housing market—analyst
sj_zero 6 months ago federation: unsentYes, and they're unlikely to drop to where they should in the near-term. Even the 1990s housing crash was really mostly the market going sideways until inflation caught up.
HeyThisIsntTheYMCA@lemmy.world 6 months ago
In 1970, the median home price was around $24,000 ($207,000ish adjusting for inflation). Median home price is now $425,000. So house prices have increased about twice the speed of inflation. Meaning we’d need at least 50 years of stagnant prices. I’d take that too.