this post was submitted on 21 Aug 2023
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Considering how crazy expensive accommodations have become the last couple of years, concentrated in the hands of greedy corporations, landlords and how little politicians seem to care about this problem, do you think we will ever experience a real estate market crash that would bring those exorbitant prices back to Earth?

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[–] [email protected] 2 points 1 year ago

No in this capitalism situation there is no more chance with the actually prices to own an house.

[–] [email protected] 2 points 1 year ago

Either the housing market will crash after some new laws are applied that specifically target landlords.

Or the price of buying houses will catch up with the cost of building them.

When either of those will happen, I do not know.

[–] solstice 1 points 1 year ago (2 children)

I mean we are seeing the results right now of decades of exponential growth. Take a house that costs $100,000 and increase prices from 3-10% per year every year for ten twenty forty years whatever and boom, same house now costs a million bucks. It's not surprising to me at all. Idk how to fix it but it's not surprising.

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[–] [email protected] 1 points 1 year ago

Yes. Once we have coordinating unions and global strikes, we make the rules.

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