ST Alpha - "“Prices can’t go up 8% a year forever” seems more like wishful thinking than economic analysis in SoCal -- (link)" (Reading a Post)

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“Prices can’t go up 8% a year forever” seems more like wishful thinking than economic analysis in SoCal -- (link)

Posted by hollywood big shot (aka pickmix) Jul 10 '24, 19:02

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https://www.latimes.com/california/story/2024-07-10/southern-california-home-prices-rose-nearly-8-in-june (www.latimes.com)

Responses:

My house/neighborhood hasn't gone up in 7 years. I'm getting priced out of everywhere else. -- nm - jnine Jul 11, 03:25
“ say homeowners increasingly believe rates in the 6% to 7% range are here to stay and are deciding a new home is more important than keeping a 3% - Pippy 🇨🇦 Jul 10, 19:11 1
- in '26 the last president will lead us into a great depression that will make 1932 seem like a mere correction, that's when you can buy -- nm - zeitgeist Jul 10, 20:12

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