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Fellow home owners, are you ready for the housing market to crash? (lemmy.world)

submitted 1 year ago by ericbomb@lemmy.world to c/asklemmy@lemmy.world

213 comments fedilink hide all child comments

I know I'm supposed to want it to keep going up as a wealth generator or whatever.

But like... I wouldn't be able to afford the monthly payments if I bought my house right now and it's scary. Also none of my friends are buying homes, none of them are even renting full places. Just like renting rooms.

So what are your feelings home owners of lemmy?

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[-] GreenMario@lemm.ee 35 points 1 year ago

Houses should have never been an investment.

Burn the entire fucking thing down.

[-] TheEhHole@lemmy.world 16 points 1 year ago

If I burn my house down then where will I live?

[-] bunnyknuckles@lemmy.world 11 points 1 year ago

In your new Wells Fargo Lifepod(tm)! 160 sqft of essential living. Conviently stackable. Durable metal construction. Only $3900/mo!

[-] LetKCater2U@sh.itjust.works 4 points 1 year ago

*Doors sold separately.

[-] biscat@lemmy.world 3 points 1 year ago

It's Wells Fargo, so have they already used your info to buy one in your name without me knowing?

[-] Critical_Insight@feddit.uk 4 points 1 year ago* (last edited 1 year ago)

House is an investment even if you build it entirely by yourself from materials harvested and processed by you. You invest a chunk of your time and effort to build something you expect to "pay you back" in the future, eg. keep you dry and warm when it's cold outside.

[-] afraid_of_zombies@lemmy.world 2 points 1 year ago

Sounds like an asset to me.

this post was submitted on 29 Sep 2023

360 points (95.2% liked)

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