05-29-2024, 09:13 PM
Anything to keep the bubble going.
I guess it sounds better when you say it. ?
My interest and attention over the years has been geared more toward vacant land than housing. It’s all related, but there’s less variation in vacant land, making it easier to generalize.
As a generalization, what I’ve seen in the vacant land market bubbles is that the values (with “value” being the amount that they actually sell for) tend to roughly triple from bottom to top, and then reduce by roughly half from top to bottom. I wouldn’t expect this to correlate exactly to the housing market, but I would expect the crash to bottom out at just slightly higher than what the values were before the upswing.
I guess it sounds better when you say it. ?
My interest and attention over the years has been geared more toward vacant land than housing. It’s all related, but there’s less variation in vacant land, making it easier to generalize.
As a generalization, what I’ve seen in the vacant land market bubbles is that the values (with “value” being the amount that they actually sell for) tend to roughly triple from bottom to top, and then reduce by roughly half from top to bottom. I wouldn’t expect this to correlate exactly to the housing market, but I would expect the crash to bottom out at just slightly higher than what the values were before the upswing.