this post was submitted on 20 Jun 2023
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I own a house, am not a millennial but am totally fine with a crash. My mortgage payment doesn't care, my taxes might go down. Only people who should care are those moving or expecting their parents to die soon and have property to sell.
To me it's obvious, if prices are too high then build more.
Of course the people who care are those who have money invested in housing. And you would think the solution is just to build more, but it's more complicated than that because the investors need to get a return and they'll work very hard to make sure they do.