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Forum
-> Interesting Discussions
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amother
Cyan
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 Sat, Apr 02 2016, 11:59 pm
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Over the last couple of years the housing cost in Lakewood has been steadily increasing. When do you think the market will stabilize or start dropping a little bit. Do you think this is a real estate bubble that will eventually burst? I am asking because of investment opportunities. Thank you
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mnas
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Sun, Apr 03 2016, 12:09 am
idk...but I hope they'll stop soon...
although it doesn't seems like it.
there are houses being build in every alley ....
I would say if you have the financial means to buy/invest , go for it!
HATZLOCHA!
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amother
Cobalt
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Sun, Apr 03 2016, 12:17 am
Many people are saying that after the summer it will collapse. There is so many homes being built and now there are too many rentals out there. Many people can't find renters for their basement. When that happens usually housing prices drop because
a. Rent goes down
B. Investors don't buy homes because if they can't rent them out then they are not making money.
C. Hud is cracking down and really checking out if you are legit or not. Last summer a few people got warnings.
Many people can only afford to buy these homes for the high prices because they are putting the homes in someone else's name and claiming to rent out the house and so hud is paying their mortgage but if hud gets smart then these young couples won't be able to pay these high prices any more. That will also help the market go down.
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