ita wrote: Tue Dec 21, 2021 9:10 amStreetcar construction in 2023 would be awesome. I am not confident prices will go down any time soon, but I would hope for some stabilization in the market that we do not see another 10%+ increase in prices over 2022 like we saw this year.
I think realistically we could at most get an announcement and maybe get some preliminary work started like utility movement and such by about this time next year... But my gut says it won't happen that quick. It took ORBT over a year from very first signs of construction to opening day, and the schedule was pushed back several times. I don't remember the amount of time from announcement to construction beginning... But I'd guess 18-24 months from announcement to first day of service. So if they announced it today, I'd say we could be riding streetcars by mid-late 2025 or early 2026. My guess. And that's if they announce soon. I'm not confident the streetcar is on the forefront right now.
For housing prices, I'm betting they will continue to go up in 2023. Some economists think the bubble will pop in 2024 or 2025. I don't have the link, but I read an article that very interestingly pointed out, since the early 1800's (so basically the very beginning of a "housing market"), it has risen and fallen cyclically every 18 or so years, with a few longer outliers. Last crash was in 2008, so that means we are getting closer. Hope it happens sooner than later, because it's getting into loony toons territory.
I bet as soon as Coronavirus reaches endemic status, and we are starting to move on from it (hospitals aren't at capacity, people aren't really dying from it that often, it's not as severe, it evolves into the common cold, and it isn't the first thing talked about on the news), we then have another recession like, or worse than 2008. Can't catch a break. My guess is we see the light at the end of the tunnel with the virus by spring 2025, but the tunnel let's out the side of a cliff in the form of perhaps a new president, a housing market crash, and recession. I know, I paint a real rosey picture, but that would all coincide perfectly.