Comments by "Jim my" (@chowsquid) on "Will the Housing Bubble Burst?" video.

  1. There is not enough supply. So prices will stay high. They gave you all the reasons in the show.
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  2. You guys forgot to mention the COVID-19 moratorium on evictions. In normal times, people get evicted and/or get foreclose. Because this was stopped (temporarily), many homes that would be on the market didn’t get on the market. Companies that usually flip these foreclosed homes don’t have any houses to buy. So some of then turned to bidding on the houses normal people are buying. That moratorium is coming to an end, so it’ll be interesting to see if it has an effect on the supply and prices of homes. Also, COVID stopped a lot of foreign visitors. Nobody will admit/talk about this but illegal/legal immigrants are a source of housing labor. With the borders shut, I’m not surprised housing builds get delayed. It’s been the perfect storm of causes driving up housing prices with some being temporary.
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  3.  @tompain2751  yup. TX. 😀so blue
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  4.  @Firebert79TA  What you heard: zoning laws. What they said in addition: longer life expectancy for boomers, millennials getting into the housing game finally, fall out from the 2008 crash scaring off builders, skilled tradesman retiring and few new trainees (leads to delays and added cost), COVID-19 (ppl that would have sold didn’t, temporary), work from home means more people want homes and those that have homes will want to keep it or go bigger, basic materials cost (could be temporary)
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  5.  @didi85515  their asset is other people’s money. They are managing other people’s money.
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