I see a lot of people on here pretend there's going to be another housing crash. No, there isn't

I see a lot of people on here pretend there's going to be another housing crash. No, there isn't.

The future is more and more mass immigration. What is the one thing people need? A place to live. What is finite? Land. What gets built slower than demand? Housing.

Due to mass immigraiton, housing prices will INCREASE. Just look at California, it is the land of the new "Landed Gentry." There are people there who are making 6 and even 7 figures just renting our their grandmas old houses she bought in the 50s.

Relatively soon, this Californian-esque real estate market will spread throughout the rest of the states and western world. It's no longer going to be a city problem, it's going to be everywhere.

In a nutshell, stop saying the housing market is going to crash, because smart money is buying up land in the midwest and non-coastal states as we speak to rent out to the future goblin population. I am not going to cast too many pearls before swine, but anybody with an IQ greater than 110 should be able to figure out where the next boom markets are going to be.

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>it only goes up forever
>wages stay the same forever
>inflation goes up forever
>people will always be able to afford homes even if the prices go up forever at a much faster rate than the above

A rise in housing prices will last longer than most think, at least into the mid 2030's
There will be individual crashes but nothing global.

remember this next year.

>Nationalism and racial conflict increasing all over the world
>Lots of people going to die
>Lots of empty houses and land

Your projection excludes the coming race war OP and how low IQ individuals are going to be handling increasing identity politics across the globe.

ya you're exactly right
sellers don't give a shit who moves in, so immigrants come with huge family units, brothers, sisters, uncles, aunts, grandparents, they all get jobs, and you have 8 people in one house working full time contributing to the mortgage payment. this will continue for decades to come until we reach some sort of unavoidable catalyst. There won't be another significant crash in our lifetime.

And this is exactly why I keep saying we need housing on the blockchain.

Maybe not a crash, but I think there's pretty widespread anticipation of a correction. Feds raising rates is going to increase monthly payments on adjustable rate mortgages, which is going to lead to an increase in defaults. That is going to cause prices to drop because, A) there will be an increase in supply of houses for sale, and B) a decrease in approved mortgage applications, because the payments will be higher with higher rates. How much this drops prices is uncertain. Anywhere from a moderate correction to a full blown crash that should've happened in 2008 but the can was kicked down the road for a decade.

They said the same as OP in Australia. We're down 20% from last year in some places with no bottom in sight.

>because smart money is buying up land in the midwest and non-coastal states as we speak to rent out to the future goblin population
Nobody, neither smart or dumb money is buying land in the boondocks. Everybody want to live in the major cities and on the coasts, worldwide, goblino or not.