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A comment on Show HN: Inflation-adjusted stock charts – Total Real Returns. Parent comment

Re:Show HN: Inflation-adjusted stock charts – Total Real Ret... by x3sphere on Wednesday July 13, 2022 @06:43PM (#32089655)
Housing prices are correcting now, at least in some areas. It's definitely happening in AZ. I've seen drops of almost 15%.

OpenDoor has been taking a loss on a lot of properties it bought over the past few months too.

Considering inventory is up over 2X YOY as well, I expect prices to fall even further here. I'm not sure if it'll get as bad as 08 though, but a 30-40% drop isn't out of the question the way things are headed imo.

The thing is though with rates as high as they are, housing prices dropping this much actually doesn't make affordability any better unless you can pay in cash.

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Re:Show HN: Inflation-adjusted stock charts – Total Real Ret... by aaron_m04 on Wednesday July 13, 2022 @08:41PM (#32090564)
> OpenDoor has been taking a loss on a lot of properties it bought over the past few months too.

I don't understand how they are able to stay solvent. It's gotta be VC money keeping them alive, right?

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