Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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Home builders now have 102,000 completed, unsold homes sitting on their builder lots. This is the highest level since 2009 (lemmy.world)

submitted 1 month ago by SeattleRain to c/housing_bubble_2

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[–] pdxfed 1 points 1 month ago

Also, building a bunch of homes priced at what you thought you could potentially sell them for 2 years ago no longer pencils. The ride had to end some time, we'll see how it goes.

Builders and developers have loans due, they'll be forced to cut, and then that will force existing he prices lower. That should finally impact rental housing and apartments...but of course each group will fight it all the way and lobby for lowering interest rates to prop up current pricing.