this post was submitted on 28 Jan 2024
937 points (98.1% liked)

me_irl

4701 readers
99 users here now

All posts need to have the same title: me_irl it is allowed to use an emoji instead of the underscore _

founded 1 year ago
MODERATORS
herrwoland
937
me🏠irl (lemmy.world)
submitted 9 months ago by robocall to c/me_irl
75 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] Blue_Morpho 5 points 9 months ago

I’m hoping for a collapse in real estate

It's not going to happen. The last crash was 2008. Prices went down 30% which didn't come close to offsetting the increases from the previous run up.

https://dqydj.com/historical-home-prices/

At best there might be a long term oversupply from boomers dying. That would put long term pressure to lower prices. So if you wait 25 years you could have a house priced at what a house was 5 years ago.