Re:Homes in 97% of U.S. cities are overvalued, Moody's says
by stepanhruda on Thursday May 05, 2022 @09:42PM
(#31280280)
That is what they are saying though - people are actually buying the assets? All anecdotes I have seen recently say that houses go off market very quickly.
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Re:Homes in 97% of U.S. cities are overvalued, Moody's says
by pm90 on Friday May 06, 2022 @03:45PM
(#31288989)
They may be going off the the market very quickly now. That’s exactly how asset inflation works. People living in their homes that are suddenly worth millions of dollars aren't going to sell their homes now necessarily. When they do get around to selling it the market might not be the same.