Comments on: The Great Transition of the US Housing Market

By: Mr. Clipping Chains

Mr. Clipping Chains — Tue, 31 Jan 2023 22:32:30 +0000

In reply to Financial Fives. That's a very good point on supply: The tendency to live alone versus in a multi-generational family has changed dramatically over the last handful of decades.

By: Financial Fives

Financial Fives — Mon, 30 Jan 2023 21:06:05 +0000

Well written Chad, especially with the history of how we arrived here. Crazy to think even in 2013 you were in a bidding war in Denver. I think it’s also many people want to live alone, versus multi-generational family living in the past. Supply hasn’t kept up, and also many people want land and large homes, rather than a townhome or condo. Space is limited and sprawl is what we get.

I don’t see how these prices can continue to be sustained unless like you say more boomers age and supply helps out.

By: Mr. Clipping Chains

Mr. Clipping Chains — Mon, 16 Jan 2023 19:48:18 +0000

In reply to Accidentally Retired. Thanks! I think that guidance is probably pretty solid, at least until mortgage rates and/or prices soften. Some scenarios might put a breakeven at five or seven years, but those are probably the high down-payment scenarios.

By: Accidentally Retired

Accidentally Retired — Mon, 16 Jan 2023 15:22:48 +0000

Great thorough article! I agree home ownership isn’t always the best option for everyone, but the ability to control your own destiny and not have to deal with someone else’s is sometimes reason enough.

Personally, I wouldn’t buy if you don’t plan on living in a location for at least 10 years, or can’t put at least 30-40% down to make mortgage payments more manageable.