Housing Market Collapse Is Starting To Accelerate
The suburban housing market is on its last legs, and all the most forward thinking real estate analysts are saying is that we are seeing another 2008. But, this isn't anything like 2008. That was a financial crash because the banks had signed loans with every person/creature/thing that could sign a note, and there was none left, and so it ended.
This is not a financial crash, this is a demographic collapse + lifestyle change (and throw in some everything bubble popping too) there will not be a suburban housing market after this.
Just the baby boomers
The baby boomers own 25% of the houses in America, and over 40% of the housing value. All of this is going to be dumped on the market over the next decade. No market survives such an inventory glut.
We already have too many houses. New home builders are selling their recently completed houses for less than the price of a five year old house in the same tract.
So, when we add the boomer's houses on top of this, we will have more inventory than we have buyers. The banksters really wanted to avoid this with immigrants, but it looks like they will be making a run for the border. Thus, we are going to be seeing massive inventories in almost all suburban markets, and very few buyers.
The real estate market cannot handle a demographics collapse.
Everything turns against the housing market
All causes mortality is still on the rise. And, if the worst fears about the VAXXX are true, we are about to see a LOT of bodies. The demographic collapse will be worse. More than 50% of the suburban houses will be empty.
Blue states/cities will socialize housing. All the Dumbocraps have to do is wait, and the prices of houses will drop, but that is not their agenda. They are going to use this "housing problem" to bring socialism to the housing market. First with rent controls, then "their friends" buying up everything. The problem is, the programming will also destroy property ownership values. The Dumbocrap voters will think it just fine to see an empty house, and move into it.
Small banks will be dropping like flies. Then the medium sized banks. The Fed is letting them take the brunt from having interest rates left so high during a recession. The small banks are hemorrhaging from defaults on car and house loans, and they aren't able to make it up because they can't write any new mortgages. Soon, there will be very few places to get a mortgage. And if we add a financial collapse, no places (at least for a while) and so houses will only be sellable for what people have in cash.
Many people are demanding to work from home. And, if they can work from home, they don't need a house in a crowded city. We already saw a huge exodus of people from cities during the covaids. We will see more as the cities become ever worse shit holes with skyrocketing crime. If the jobs aren't there, or don't need to be there, than why pay for the ultra-high prices and the long commutes?
All of these add up to there being a lot of suburban houses that there are no buyers for. And how do you have a market where there is one buyer for every two houses? Especially when a person who needs a place to live, just goes around and finds an empty house and moves in.
The suburban housing market will be gone. And even the property rights will be gone as few respect them.
Change of Lifestyle
As cities get worse, and food becomes more scarce, and people see that grouping up into "families" or tribes seems to be the only way to survive, then the single family home will seem stupid and the suburban lifestyle will be discarded.
Imagine eggs cost $25 a dozen. And your HOA won't allow you to raise a few chickens in your suburban back yard. So, your thoughts go to a homestead out in the country.
Imagine that schools are getting worse, and you want to homeschool your kids. But this is a little tricky, as you need more than one income. Wouldn't it be great to get together with other homeschoolers to help with the load?
Imagine that peace is breaking down, and the police are acting more and more like the crooks they are supposed to stop. (The police have "stollen" (asset forfeiture) more money than burglars) So, you need to defend your home yourself. Alone, this is almost impossible. But, if you had a tribe, you can easily have enough eyes and men to keep a rural community safe.
Basically, people are going to find that it is so much better to live in tribes, small communities, extended families, then it is to be in "Nuclear families". And as this change comes about, people will no longer be wanting single family homes.
Imagine entire suburban housing tracts devoid of humans. This is the future of suburban housing.
Decades for houses to get to a million dollars, and less than a decade and you won't even be able to give them away.
This is the future of the suburban housing market.
Lastly, bitcoin is being shown to be a better investment: more reward, less risk, much less work, than renting houses. Soooo, real estate investors are going to be making the price go down faster as they try to exit the housing market.