A Boring Dystopia

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Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward (finance.yahoo.com)

submitted 10 months ago by return2ozma to c/aboringdystopia

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[–] [email protected] 5 points 10 months ago

Why would it crash?

There's near limitless demand and deliberately limited supply. Any dips will come from lack of affordability on lending as interest rates rise, but you're talking hyperinflation for an actual crash.

So the house prices might drop by 20%, but you'll be able to borrow 20% less. So if you're fucked before any price drops, you're still fucked afterwards.