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Fellow home owners, are you ready for the housing market to crash? (self.asklemmy)

submitted 1 year ago by ericbomb to c/asklemmy

212 comments fedilink hide all child comments

I know I'm supposed to want it to keep going up as a wealth generator or whatever.

But like... I wouldn't be able to afford the monthly payments if I bought my house right now and it's scary. Also none of my friends are buying homes, none of them are even renting full places. Just like renting rooms.

So what are your feelings home owners of lemmy?

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[–] [email protected] 18 points 1 year ago (1 children)

If the market crashes hard enough these huge corporations that have been sucking up all the single family homes will probably start unloading them at lower and lower prices to pay their creditors. It could be good for people who want to buy. Couple that with the coming crash of corporate office space and it could be quite an interesting time.

The real truck is going to be coming up with legal/constitutional bans on corporate ownership of single family houses.

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

asdfasdf

[–] Num10ck 2 points 1 year ago

yea they will be packaged in giant batches with no mortgages, of course.