Zillow projects that U.S. home prices will fall 1.7% between March 2025 and March 2026. Last month, Zillow economists still thought prices would rise this year.
Thats -1.7% across the whole country.
The US housing bubble has popped.
Fs in chat for your local obscenely overleveraged corporate landlord or serial home flipper or AirBnB leaser, though be warned, they may be extremely emotional and/or delusional at the moment.
Interesting things happening in LA I see. Was this because of the California wildfires?
LA refers to Louisiana here. Climate change likely one of the major factors.
… Not sure if you’r joking, but LA means Louisiana, the state.
Much of the coastal south… is just literally sinking/being overtaken by rising sea levels… and also the generations of utterly farsical mismanagement of all kinds of infrastructure and public services.
In that case, the LA at the end refers to the LaLeLuLiLo from MGS, indicating their involvement, and plans to turn these cities into beta testing grounds for the weird biorobot hybrid MetalGears from MGS4.
Rising sea levels aren’t the primary issue, it’s hurricanes. That stretch of the coast of the Gulf of MEXICO gets hit with hurricanes nearly every year. Insurance rates are probably through the roof there, if you can get insurance at all.
You are correct, the more accurate description is… areas that are more likely to be wiped out by the effects of massive rainfall deluges from intsensifying hurricanes, the storm surges, as well as of course the more direct wind damage.