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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The real estate market is in for sharp correction with losses that could take a decade to recover from, strategist says (www.businessinsider.com)

submitted 5 months ago by SeattleRain to c/housing_bubble_2

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[–] benignintervention 25 points 5 months ago (2 children)

Is recovery really what we want anyway

[–] [email protected] 28 points 5 months ago

Right? In my mind, the bust IS recovery.

[–] Anticorp 5 points 5 months ago (2 children)

Well, anyone who bought a house in the last few years will.

[–] JamesTBagg 3 points 5 months ago (1 children)

I don't give a fuck. Stop buying houses as investments. I'd like to own a HOME. I don't want to sleep in my investment portfolio. Everything we own depreciates, but it's just expected the place you sleep should appreciate.

[–] [email protected] 3 points 5 months ago

Yes. Also, no more bailouts.

[–] Skyrmir 1 points 5 months ago

I feel like that's a case of facing the consequences of their own actions. The idea that a house is an investment, needs to die a painful death, as a warning to future generations.