Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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The real estate market is in for sharp correction with losses that could take a decade to recover from, strategist says (www.businessinsider.com)

submitted 5 months ago by SeattleRain to c/housing_bubble_2

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[–] benignintervention 25 points 5 months ago (2 children)

Is recovery really what we want anyway

[–] [email protected] 28 points 5 months ago

Right? In my mind, the bust IS recovery.

[–] Anticorp 5 points 5 months ago (2 children)

Well, anyone who bought a house in the last few years will.

[–] JamesTBagg 3 points 5 months ago (1 children)

I don't give a fuck. Stop buying houses as investments. I'd like to own a HOME. I don't want to sleep in my investment portfolio. Everything we own depreciates, but it's just expected the place you sleep should appreciate.

[–] [email protected] 3 points 5 months ago

Yes. Also, no more bailouts.

[–] Skyrmir 1 points 5 months ago

I feel like that's a case of facing the consequences of their own actions. The idea that a house is an investment, needs to die a painful death, as a warning to future generations.

[–] paddirn 14 points 5 months ago

Fingers crossed

[–] PostaL 10 points 5 months ago

I'll believe it when I'll see it

[–] Weeby_Wabbit 1 points 5 months ago

So long as politicians have a monetary incentive to avoid properly regulating housing because they themselves are landlords, it means that the supply and quality of housing will be restricted. Thr value of individual properties will always go up in the long term, but the barrier to entry will always be higher than I can clear. Even if I worked my ass off for a decade, I wouldn't be able to own my own home.

WTF am I supposed to do?