Re:If you sell a house these days, the buyer might be a pens...
by FireBeyond on Wednesday June 09, 2021 @04:08PM
(#27452478)
> They are thinking "will this make the property value go down in the next 5 years"? vs "will this make the property value skyrocket in the next 10 years".
Not even. Near here, there was a proposal from the city to increase middle-density housing.
They hired economic forecasters. Their projection, that property values would "decrease" from 13% YOY increases (we are in one of the highest increasing cities in the country) to 9% YOY.
In other words, you'd still see your home value _increasing_ 53% in five years (versus 84%), not decreasing...
... and people still acted like the city wanted to shoot their first-born in the streets.
Not even. Near here, there was a proposal from the city to increase middle-density housing.
They hired economic forecasters. Their projection, that property values would "decrease" from 13% YOY increases (we are in one of the highest increasing cities in the country) to 9% YOY.
In other words, you'd still see your home value _increasing_ 53% in five years (versus 84%), not decreasing...
... and people still acted like the city wanted to shoot their first-born in the streets.