The housing market is about to crash in such a way that will make 2008 look like a fond memory
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3(Everyone who has been locked out of the housing market for the past 30 years)
I hope it crashes so hard boomers houses return to their 1970 value
We always talk about how the Boomers bought a house for X value. And how much more expensive the same size of house is now. But no one adds that the QUALITY of the modern houses is also much lower than houses in the past. Either because it’s an old house that has degraded, or because it’s a new build that is made with cheaper materials and labor. Home building companies have only gotten better at building houses cheaper. They want to sell houses for as cheap as possible to get more sales. Without these changes in building techniques/materials, houses would be even more expensive.
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2Heck yes they are I've watched so many home inspectors go through houses and show horrible build quality even on multimillion dollar houses. Its absolutely ridiculous.
Its insane what they're passing off as new homes. Drywall like graham crackers