When buying the dip doesn’t work: An analysis of the dot-com crash

Re:When buying the dip doesn’t work: An analysis of the dot-... by hn_throwaway_99 on Sunday May 08, 2022 @01:03PM (#31305846)

> but it's not expensive _everywhere_. It's expensive in some of the most desirable places.

I disagree with this. I think this was true for the mid 00s property bubble, but now prices are exploding not just in the usual suspects like SF, LA and NYC. Pretty much every place that's not a total shithole is experiencing huge home price appreciation.

I made a post on a different thread making this point, and I used Flint, Michigan as my example of "sure, prices in Flint are still low..." only to get a response from another commenter along the lines of "You'd be surprised - while bad areas of Flint are still depressed, many of the nearby areas have also seen huge runups in real estate values."

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Re:When buying the dip doesn’t work: An analysis of the dot-... by pas on Monday May 09, 2022 @04:32AM (#31311829)

spillover from the super hot areas

also the US population is growing, urbanization is happening, and ...

... there are not enough houses being built.

plus the monthly mortgage payment is about the same (because the lower interest rate allows for lending more money for the same monthly cashflow)

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