this post was submitted on 22 Aug 2023
38 points (95.2% liked)

Personal Finance

3829 readers
3 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago
MODERATORS
 

cross-posted from: https://lemmy.world/post/3560407

Considering how crazy expensive accommodations have become the last couple of years, concentrated in the hands of greedy corporations, landlords and how little politicians seem to care about this problem, do you think we will ever experience a real estate market crash that would bring those exorbitant prices back to Earth?

you are viewing a single comment's thread
view the rest of the comments
[–] NounsAndWords 2 points 1 year ago

Temperature are on the rise and weather is getting more and more extreme with truly no viable solution available. There is going to be growing demand for housing in more sustainable areas. So...probably cheaper in hurricane/tornado/mega-heat-wave country, and even worse prices in more survivable areas.

Or technology advanced so far and quickly that we either live in a utopia or are immediately made extinct by our new AI overlords.

IDK