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 1 year ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] Blackmist@feddit.uk 5 points 1 year 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.