Comments by "worn down" (@worndown8280) on "Buyers Remorse The Nightmare of Being Trapped" video.

  1.  @chrisdaniel2759  Thats because of boomer demand. You had the largest demographic in American history entering the housing market in that time period. It is the same reason, why today, 40 years later, as these same boomers start to die, you will see deflating demand. In 1981 the average age of the first time home buyer was 31. The Boomer cohort demand caused all sorts of inflationary and deflationary actions. We dont have that today. Then next two upcoming generations, the Zoomers and gen Alpha are together not as large as the Boomers were and thats over twice the time span. All sorts of economic variables, that people have long taken for granted, are about to change.
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  2. I would like to point out that the median home price of $187,200.00 in 2022 would be, adjusted for inflation, $286,622.98. The current median home price for a home in the US is about $454,900.00 for Q3 in 2022. Current prices would need to drop 37%, or $168,277.02, to reach those levels. For the 1990 price of $121,500, in 2022 inflation adjusted value that would be $265,794.67, So a little less than 2002. To get prices to that level you would need about a 42% price drop, or $189,105.33. But with that data, and with current demographic trends, do you think there is more or less housing demand in 1990 or 2002, than there is today? If you look at that data, you can clearly see demand is falling by volume of people needing homes vs available homes. Which means if interest rates hits double digits, prices will more than likely have to drop more than 42%.
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  3.  @realestatemindset  The demand I am talking about is a bit different than you are. I am talking about the total people who need shelter, best way to put it is gross demand. We are at the high point right now. Going forward for every person that dies only .7 will be born. And that will gradually decrease every year. This is just speaking about the US. In other nations its already far worse. I am probably being conservative in the economic dumpster fire in front of us, purely from a real demand standpoint. We have always assumed demand increase that there but now its going to be a negative.
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