Boomers
Puts on reading glasses
Black Rock
this post was submitted on 04 Oct 2026
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But with the option to get a letter from Hogwarts - if you're faster than uncle Vernon.
Even if you arnt, it'll get to you eventually. Most likely on Sunday
At the latest in a nice hut in the absolute nowhere.
Plus utilities.
Unique opportunity to experience the magical world of Harry Potter!
☝️
This is 100% real estate agent lingo.
In theory as they die off over the next 20 years there should be a housing glut and prices should come way down. Then we will see if it was really boomers or black rock.
Majority of the people who inherit them will most likely sell because they won't know what to do with it. It will most likely be sold to the person quickest to make an offer and that will most likely be a company thats trying to buy up property. We won't see a drop because they won't let it happen. We need stricter rules about who is allowed to purchase property to drive down cost.
But in reality there will be just more property to buy for speculation
They won't. Real estate is too lucrative and people involved are greedy pieces of human garbage.
Japan lost about 3 million people since 2020. Did the prices fell there?
spoiler
No.
Japan's reality market is a terrible comparison. They approach housing completely differently. Modern housing is treated as temporary, only expected to last for a couple generations before being demoed and rebuilt. As a result of this, their houses hold little value, maybe 10% of the equivalent property value in the US.
What that has to do with anything? The claim is that as population shrinks there's higher supply so prices will fall. Japan shows that shrinking population doesn't lead to increased supply. The way houses are build doesn't matter. The surplus should still be there.
My guess is the same will happen in US. There will be more old, empty houses no one wants to buy and renovate (because there will be no demand for it) but new houses will stay expensive.
A population can shrink and the housing market can still suck, because it depends where the population loss happens. I can imagine that we are seeing a centralization to the big metropolitan areas, so the rural areas are dying out, but the metropolitan areas keep growing because people from rural areas keep moving to the big cities cos in rural areas ever fewer jobs are to be found. And I am pretty sure we this in a lot of countries, not just Japan.
Exactly.
One followed by the other and prices will not go down without heads rolling.
Mortgage on a $600,000 house with 3% interest rate and 20% down is roughly $2500. Add in tax and insurance and you’re well over $3000. Oh, and interest rates right now are actually over 7%.
Tf these people are that think they should be charged below market prices? If you don’t like the price, vote in politicians who will support mass housing construction. Cause increasing housing supply is the only way you’re going to see rent and home prices level out or drop. Otherwise, riot in the streets til your boss gives you a raise and you can afford market rates.
Seriously, tho...
Most people are decent and so don't consider the potential problems with renting out a room.
There's a lot more to being a landlord than just throwing an ad up and taking anyone who wants to rent. Background checks only tell you some of what they did in the past, not what they will do. There are no guarantees.
I have two rooms in my decent house I'd be willing to rent out for $400/mo. But, there's the risk of taking on renters and then being legally liable for all the issues they bring with them. You never know what they're going to do, and you can get stuck with them for months while you try to evict them. It can be a real fucking nightmare, to the point that I could lose my house in the most extreme situations.
So, no, thank you. I won't be renting out rooms for an affordable amount, no matter how much I'd like to try to help.
