Comments by "worn down" (@worndown8280) on "REDFIN CEO: Housing Market Much Worse Than Expected" video.

  1. People wont like this answer. But like most things in life, time, will resolve this issue. When markets, any market, is forced and bent out of normal shape, it will always snap back to the baseline. By future altering it with laws and rules and taxes, that just adds additional layers of warpage that effect the market as a whole. Most of these problems will resolve due to demography over the next decade. 2020 was always going to be the demand high point for housing. And then the Fed put rates in the toilet because of Covid. Give the market time to adjust back and this will resolve. But no one wants to hear that. They want it now, and they want it their way. That means if they are a buyer they want home prices to drop as much as they can even if it causes a depression. If you are a seller or a boomer trying to live a decent life the last decade or two you have, you want your home to keep its value. I can already hear the but what about the big institution buying all these homes. Yes, most of them wont make it through this recession. Most people are trying to pull assets from both the housing and commercial funds. Its not going to be pretty. The sad thing is that its going to be the public employee pensions that are going to be left holding the bag, again. repeat of 2008.
    36