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Do you think we will ever have affordable housing again in our lifetime? (lemmy.world)
submitted 2 years ago by to c/asklemmy@lemmy.world
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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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[–] 30 points 2 years ago (1 child)

Yeah but the market is going to have to absolutely tank first. There's a lot of money in that bubble, and it's going to be fucking painful when it does. But it'll get there.

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  • [–] 29 points 2 years ago* (1 child)

    When it tanks people would be laid off and have no money for houses. Basically 2007 all over again. The rich would swoop up all the cheap real estate.

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