Comments by "" (@jmitterii2) on "🔵 Where I See House Prices Crashing (In 2022-2023?)" video.

  1. An article I read said banks have almost stopped giving out "jumbo" loans (greater than that ceiling is $510,400 (for 2020). In some spots — Alaska, Hawaii, Guam and the U.S. Virgin Islands — the cap is $765,600.) unless you have at least $250K in deposits. https://www.cnbc.com/2020/07/13/you-might-have-a-tough-time-getting-a-jumbo-mortgage-during-pandemic.html
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  2.  @elis0384  That's always the case for anything. Borrowing is always dumb if you can avoid it. And leverage (borrowing) that becomes normalized always inflates prices. Particularly for real-estate even though its essentially like an automobile or boat or aircraft... it has huge upkeep costs and is consumed... eventually requiring complete rebuilds on certain items. They're a consumer item. The land is only valuable if a bunch of people need to move in because of jobs some other production of something else. Depending on how many jobs end up become work at home gigs, that crowding out effect diminishes.
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  3. I suspect housing in many areas will to... the rust belt effect. First time I visited (on business) that area, Cleveland, I was shocked. Homes all boarded up, many falling apart, some already just dirt. And factories boarded up, some looked like a bombed out relic of WWII or something. And since location is becoming less a necessary thing, it could effect many crowded out areas. West and East Coast might become the "Sunburned Belt". For urban/suburban explorers this will be boom wandering into old palace like estates.
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