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Next Housing Recession in 2020, Predicts Zillow

 
Anonymous Coward
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05/29/2018 05:04 PM
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Next Housing Recession in 2020, Predicts Zillow
[link to www.investopedia.com (secure)]

The housing market in the U.S. could enter a recession in under five years, with online real estate company Zillow predicting that it will happen in 2020. In a research report in which Zillow polled 100 real estate experts and economists about their predictions for the housing market, it disclosed that nearly half of all survey respondents said the next recession will commence in 2020, with the first quarter of the year cited the most as to when the recession will start. The main culprit for the housing recession: monetary policy.

"As we close in on the longest economic expansion this country has ever seen, meaningfully higher interest rates should eventually slow the frenetic pace of home value appreciation that we have seen over the past few years, a welcome respite for would-be buyers," said Zillow senior economist Aaron Terrazas in the research report. "Housing affordability is a critical issue in nearly every market across the country, and while much remains unknown about the precise path of the U.S. economy in the years ahead, another housing market crisis is unlikely to be a central protagonist in the next nationwide downturn."
NervousAndJerky

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05/29/2018 05:14 PM

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Re: Next Housing Recession in 2020, Predicts Zillow
The key word is " nearly " fifty percent. Mean more than half could not nail down a date. Just sayin.
Perspective is everything.

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Anonymous Coward
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05/29/2018 06:21 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
Those cocks at zillow are partly to blame for housing inflation.
Houses near me that could barely fetch 20k are now listed at 200k
Shore Skeptic

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05/29/2018 06:22 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
Those cocks at zillow are partly to blame for housing inflation.
Houses near me that could barely fetch 20k are now listed at 200k
 Quoting: Anonymous Coward 76315512


trump-HRYK
Anonymous Coward
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05/29/2018 06:26 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
Those cocks at zillow are partly to blame for housing inflation.
Houses near me that could barely fetch 20k are now listed at 200k
 Quoting: Anonymous Coward 76315512


hesright

Fucking up the rental prices too. I get people wanting to know why I'm asking $1400mo for a property when the average is $950 in the area. Well, if you want a run-down shithole go rent one. I get better tenants anyway.
Anonymous Coward
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05/29/2018 06:28 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
All the unsold houses will be rotted down by then.
Anonymous Coward
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05/29/2018 06:31 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
these online resources are echo chambers that falsely amplify trends. the invisible hand can't operate (checks & balances) because there's no one willing to make mistakes.
Anonymous Coward
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05/29/2018 06:33 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
I believe it and hereís why. Bought our 3 bed 2 bath house in 2009 for $150K. Comps are now selling for $270K. A 1 bed 1 bath condo is going for $125K. We sold our house for career mobility 2 years ago for $196K. Weíre patiently waiting for the next crash. Weíre currently renting. To me a house isnít worth spending more than $250K on. Itís 2005 all over again. Except this time the defaults will be houses, student loans, and credit cards. 70% of Americans donít even have an emergency fund.
Anonymous Coward
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05/29/2018 06:34 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
All the unsold houses will be rotted down by then.
 Quoting: Anonymous Coward 52739063


I bought a 3 bedroom rental property last month in Rhode Island for $120K.
FINGERPRINTS of the GODS

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05/29/2018 06:48 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
I believe it and hereís why. Bought our 3 bed 2 bath house in 2009 for $150K. Comps are now selling for $270K. A 1 bed 1 bath condo is going for $125K. We sold our house for career mobility 2 years ago for $196K. Weíre patiently waiting for the next crash. Weíre currently renting. To me a house isnít worth spending more than $250K on. Itís 2005 all over again. Except this time the defaults will be houses, student loans, and credit cards. 70% of Americans donít even have an emergency fund.
 Quoting: Anonymous Coward 76470403


Got my house for 267K in 2012.... Now, it's close to 400K based on my tax appraisal. Fucking greedy bastards trying to squeeze as much taxes off my house as much possible.
:ar15a1:
Anonymous Coward
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05/29/2018 06:50 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
2020? Hahahaha wait till you fucks see it by Q4 2018. This market is shit and ALL LIES
Anonymous Coward
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05/29/2018 07:03 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
Yep,never gonna make it to 2020........
Anonymous Coward
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05/29/2018 07:06 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
As someone who has spent the last 15 years in Real Estate I can tell you the 'Recession' is already here. We are the canary in the coalmine.
Anonymous Coward
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05/29/2018 07:07 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
MAGA will defy the supposed experts.
Anonymous Coward
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05/29/2018 07:10 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
Had the council phone me up today to ask do I want to buy my 1 bed council flat for under half price. I said I'm not working, getting full housing benefit to pay rent, but they said I can still buy & that housing benefit will pay the mortgage for me, without a deposit needed or paying back interest rates. Can sub-let it & sell at full market price in 3 to 5 years after buying. This is much better than the offer they made 10 years ago. I know some tenants who've done it, but I'm over 20 years tenant, so can apply for up to 75% off the market price, get a full interest free mortgage. Some people I know who did it, now live over in Ireland, Spain, Portugal or Greece running their own business, home bought and paid for. Think I might go for it, but have to suss it out first I suppose. This is the Tories trying to sell off the old housing stock then. Can buy for under £50k, sell for at least £300K or more, or £300+ sub-letting, which some people do. Mmmm..? Any other British here tempted by this, & how did you do after the Right to Buy scheme?
Anonymous Coward
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05/29/2018 07:58 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
2020? Hahahaha wait till you fucks see it by Q4 2018. This market is shit and ALL LIES
 Quoting: Anonymous Coward 74499447


exactly!!!

lol at 2020.. its all going to come crashing down this year. fuck those cucks at zillow and the retards who are buying homes now
MissCleo

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05/29/2018 08:11 PM

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Re: Next Housing Recession in 2020, Predicts Zillow
yeah, cheap houses for millions of immigrants to buy in 2 years when they invade the US.
Anonymous Coward
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05/29/2018 08:14 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
You gotta "love" these boom & bust cycles they create! They set up the boom cycle and everyone falls all over themselves getting "rich" and then here they come to kill it off so that they can buy up everyone's "riches" for penny's on the dollar! LOL.

Hate the players and the game I say.....redface
Midnight Oil

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05/29/2018 08:25 PM

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Re: Next Housing Recession in 2020, Predicts Zillow
2020? Hahahaha wait till you fucks see it by Q4 2018. This market is shit and ALL LIES
 Quoting: Anonymous Coward 74499447


exactly!!!

lol at 2020.. its all going to come crashing down this year. fuck those cucks at zillow and the retards who are buying homes now
 Quoting: Anonymous Coward 75403492


I concur. No one can afford the absurd prices they are asking for houses now and even if you can afford it you'd be a fool to pay that inflated price. Everything is teetering over a steep cliff, a feather floating down will push it over. We need that correction, the rents are all too high. Property owners are flexing their greedy muscles. We see what you are made of.
ACTS 3:21
FINGERPRINTS of the GODS

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05/29/2018 08:25 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
Isn't houses the only major ones that you see big down and up over price compared to others?
:ar15a1:
Anonymous Coward
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05/29/2018 08:29 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
70% of Americans donít even have an emergency fund.
 Quoting: Anonymous Coward 76470403


I'm worth between 10 and 58 billion dollars, but it's all locked in an unsellable commodity. Situation is giving us endless amusement
Anonymous Coward
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05/29/2018 08:31 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
Oct-Nov 2019
Rabbit In The Hat

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05/29/2018 08:47 PM

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Re: Next Housing Recession in 2020, Predicts Zillow
2020? Hahahaha wait till you fucks see it by Q4 2018. This market is shit and ALL LIES
 Quoting: Anonymous Coward 74499447


exactly!!!

lol at 2020.. its all going to come crashing down this year. fuck those cucks at zillow and the retards who are buying homes now
 Quoting: Anonymous Coward 75403492


I definitely see it happening before 2020 as well.
Failure To Communicate

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05/29/2018 09:00 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
I believe it and hereís why. Bought our 3 bed 2 bath house in 2009 for $150K. Comps are now selling for $270K. A 1 bed 1 bath condo is going for $125K. We sold our house for career mobility 2 years ago for $196K. Weíre patiently waiting for the next crash. Weíre currently renting. To me a house isnít worth spending more than $250K on. Itís 2005 all over again. Except this time the defaults will be houses, student loans, and credit cards. 70% of Americans donít even have an emergency fund.
 Quoting: Anonymous Coward 76470403


Got my house for 267K in 2012.... Now, it's close to 400K based on my tax appraisal. Fucking greedy bastards trying to squeeze as much taxes off my house as much possible.
 Quoting: FINGERPRINTS of the GODS


That's how they Raise taxes without Raising taxes.

Inflating the shit out of real estate makes both the banks and property tax collectors very happy.
Anonymous Coward
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05/29/2018 09:11 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
2020? Hahahaha wait till you fucks see it by Q4 2018. This market is shit and ALL LIES
 Quoting: Anonymous Coward 74499447


I concur. Currently looking for a house and almost every day another one drops in price into my sub 100k search. It's starting now.
Joe in JT
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05/29/2018 09:24 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
I'm raising the flag on this one....bsflag



In 2020 Trump will be motivating the voters with his MAGA speeches and the economy will boom once again.

The price of housing is ridiculous and I feel sorry for anyone not settled into their home yet. Best advice...buy a fixer upper and pay cash. Be a cheap skate remodeling it. Try to do your own work. Good luck.

.................................5a
Anonymous Coward
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05/29/2018 09:32 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
yeah, cheap houses for millions of immigrants to buy in 2 years when they invade the US.
 Quoting: MissCleo


Nope, cheap real estate for me to invest in.
Anonymous Coward
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05/29/2018 09:33 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
I saw some other poll of economists maybe a month or two ago that said 2021.
Anonymous Coward
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05/29/2018 09:59 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
Housing should have crashed in 2008 with the derivate CDOS with Lehman brothers. I just had a bid accepted to buy a house, been waiting for a collapse for over 10years now. If it goes in 2020 so be it, i will just stop paying the mortgage and let it go then buy low I guess. Also been waiting for Precious metals and cryptos to go up. Just leaving my position alone as a hedge against this ridiculously manipulated fake market/economy. I dont even read the news much anymore, always same thing, next crisies going to hit tomorrow or next year,etc.{never happens though} Im going to focus inward and develop my self, hedges are in place, let the stupidity keep being done, Im just about always right but sometimes way ahead of the pack. Good luck folks! Itís not if but when things will eventually sort themselves out!!
Anonymous Coward
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05/29/2018 10:17 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
I believe it and hereís why. Bought our 3 bed 2 bath house in 2009 for $150K. Comps are now selling for $270K. A 1 bed 1 bath condo is going for $125K. We sold our house for career mobility 2 years ago for $196K. Weíre patiently waiting for the next crash. Weíre currently renting. To me a house isnít worth spending more than $250K on. Itís 2005 all over again. Except this time the defaults will be houses, student loans, and credit cards. 70% of Americans donít even have an emergency fund.
 Quoting: Anonymous Coward 76470403


Got my house for 267K in 2012.... Now, it's close to 400K based on my tax appraisal. Fucking greedy bastards trying to squeeze as much taxes off my house as much possible.
 Quoting: FINGERPRINTS of the GODS


Yup. But when u try to sell, realtor will tell u your house only comps in at 267-275k tops.
Anonymous Coward
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05/29/2018 10:23 PM
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Re: Next Housing Recession in 2020, Predicts Zillow
Paid 700k in cash last year for a small new house, now it's coming in at 795k, have had two realtors tell me they have buyers interested. I'm probably going to make a quick $100k. Going to head to the mountains and buy a $250k house.