Me: home prices peaked and it’s downhill for many years ahead
Boomers:
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@NipseyHoussle
Home prices are highly correlated with inflation, to bet long term against housing you’re betting inflation won’t continue. I wouldn’t bet against this over the long run.
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What happens to home prices during recessions?
*8 recessions since '64
*In 4 nominal prices fell
*In 7 nominal prices rose less than avg
*In 7 real prices fell (1990 +0.2%)
*In all 8 real prices rose less than avg
I think in 2024 prices rise less than consensus CPI (2.8%)
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@NipseyHoussle
No no no. That’s the result of telling boomers social security will get cut or be gone.
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