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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (31673)	7/27/2021 11:59:40 AM
From: catou1	Read Replies (1) \| Respond to of 97457

Is that mean it's time to sell our old house?

To: ajtj99 who wrote (31673)	7/27/2021 12:05:14 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 97457

Right! Because the last two times this happened in 2005 and in early '80s, it marked the start of bear market in RE...I think not!

To: ajtj99 who wrote (31673)	7/27/2021 9:52:50 PM
From: Jacob Snyder	2 Recommendations Recommended By ajtj99 Lee Lichterman III Read Replies (1) \| Respond to of 97457

Home prices: Old houses tend to be smaller, nearer the city center, and cost less than new houses. Rich people have seen their stock portfolio double recently, so they are buying big new houses on 2 acres at the edge of commuting range. And paying cash. The older smaller houses are being bought by people without stock portfolios. At best, they kept their job and did not get infected during the pandemic. Their wealth has not increased.