It's starting to feel like 2008 all over again...

[yudi09]

Basically, my question is, do you think the housing market is going to pop again?

My wife and I are looking to buy a house one day, and as someone who is renting, this is very intimidating with the way the market is...

Depends on where you live.
I want to say how because I don't know the real estate market completely because as far as I know, every country definitely has different prices and regulations regarding housing.
Our behavior also differs from one country to another.
Regarding houses, we are currently experiencing changes to new regulations that are being discussed which are known as Public Housing Savings (Tapera).

If you want to buy a house to live in, not buy it with the intention of selling it again, it might be better if there is vacant land that you can buy. The next stage is saving money in the form of other materials for building a house.

[South Park]

Yeah it’s definitely crazy here in Canada. We had records number of immigration last year and it’s still going up. But the issue isn’t only the immigrants which are coming, it’s the international student who will end up getting a permanent resident status because they finished school and started to work. If you add up the international student the numbers are way above the quota.

It’s so bad here people are moving across the country for cheaper housing. We got like 10 people sharing a 2 bedroom apartment or like 15-20 people living in a single family home. It’s ridiculous how crazy it has gotten but people need a roof over their head obviously.

Very often this is a sign that the economy is not doing well, after all one of the most basic things people need to live their lives is for a small piece of land they can call their own, and if this is not achievable for a regular person anymore then this signals that a huge crisis may not be far, which should not surprise anyone, since the economy has not fully recovered since the end of the pandemic, while governments are carrying a massive amount of debt as well.

[lixer]

No one guarantees that history will not repeat itself again, even if banks become more cautious and governments take some strict measures to prevent a repeat of the 2008 mortgage tragedy, but in the end anything is possible and history repeats itself most of the time.

My advice is that if you intend to buy a house in cash, this is a very good decision because real estate prices are on a crazy rise due to inflation, but if you intend to buy a house through a loan from the bank, a mortgage, or something similar, then my advice is to stay away from these decisions because they carry a huge risk that may end up with you bankrupt or in prison.

Yes, because the saying says " History repeats itself ". This is the ones that is true and not the ones they are saying there. Despite of it, maybe their intensity is now lower than before because people have exerted an effort and learn from the past. Believe it or not, taking a loan and use it for something worthy is a kind of strategy to gain more advantage.

Mostly rich business-minded people are doing this. They say that it's also best to do this if there is an economic issue such as inflation. I guess it's because it makes the interest rate applied in the loan lesser. But if we are not ready for that, then fine, we can go on what we think is safe for us for now.

[yhiaali3]

Mostly rich business-minded people are doing this. They say that it's also best to do this if there is an economic issue such as inflation. I guess it's because it makes the interest rate applied in the loan lesser. But if we are not ready for that, then fine, we can go on what we think is safe for us for now.

Yes, sometimes this is true, especially when inflation rates are very high and accumulated over the years.

For example, here in my country, inflation rates have reached around 140%, so people who received a million dollar loan, for example, before inflation will end up looking like they got a $300,000 profit because the value of the loan decreased after inflation.

But this does not always happen, as it is risky and varies from one country to another according to different loan systems.

[OgNasty]

Do you guys think history will repeat itself?

Or are banks smarter now and won't repeat the same mistake as 2008?

Basically, my question is, do you think the housing market is going to pop again?

My wife and I are looking to buy a house one day, and as someone who is renting, this is very intimidating with the way the market is...

Thanks 🧡.

The short answer is that it already has. Most home values peaked in 2021-2022 and are down 10% while real inflation has probably been 10% annually since then. Look at the market through that lens and prices are really down about 30% or more. They just let everyone absorb the hit with inflation this time around. As long as employment doesn’t plummet there’s a chance things will start improving in another year or two.

[Zanab247]

If you are talking about land and house properties, is a good business because if you can get the house for develop area,it will surely make you rich because the more the area is developing in the society, the land and the houses will be adding more value.

But since many people have entered this houses business, I don't think it will bome like before again because many people have discovered decentralized business, which is another source of income that make people get rich easily.

I will advise you to try other business op, because that house business is no longer moving as before because the inflation is no longer allow people to chose business that will take them a long years before it can bring little profits.

[JiiBs]

Do you guys think history will repeat itself?

Or are banks smarter now and won't repeat the same mistake as 2008?

Basically, my question is, do you think the housing market is going to pop again?

My wife and I are looking to buy a house one day, and as someone who is renting, this is very intimidating with the way the market is...

Thanks 🧡.

I really don't catch the event of 2008, how it might have related to Bitcoin and what is it that would make you fear history having to repeat itself. I hoped that you would have hint on it but my best guess would be;
That the market isn't appreciating at the pace you would have wanted it to be. Perhaps it's where you had hoped to get the funds for your house but, haven't been involved on the field for sometime, one of the known facts is that, you can't accurately speculate on the market but somehow and from history, you just know it would look to create new highs, higher highs and break them each time.
You just hold on to that and have lots of patience.