this post was submitted on 16 Oct 2023
260 points (90.1% liked)

Technology

60133 readers
3014 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
260
It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says (www.businessinsider.com)
submitted 1 year ago by L4s to c/technology
105 comments fedilink hide all child comments
 

It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says::undefined

you are viewing a single comment's thread
view the rest of the comments
[โ€“] eek2121 3 points 1 year ago (1 children)

I bet every single one of them bought prior to the bubble and rate increase that started during the pandemic.

You are outta your mind if you think they are dropping $100,000-$300,000 for a down payment on a house, only to turn around and pay $3,000-$6,000/mo for a mortgage.

Those properties you see being sold are wealthy folks using them as investment vehicles.

[โ€“] RickRussell_CA 1 points 1 year ago

Those numbers are very regional, though. $100K down payment is 20% for a $500K purchase, and lots of homes are under $500K. I just bought a new home (as in, literally just built & never lived in) here in California for less than that.