Economist raises alarm over 'inevitable collapse' in US home prices

Discussion in 'Other News' started by Chinatown, Aug 23, 2021.

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  2. LameMule

    LameMule Medium Load Member

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    I just sold my home for 50% more than I paid 3 years ago. It was on the market for exactly 1 day. I'm renting now in anticipation of a housing crash.

    I'll just wait patiently to buy the dip!
     
  3. ZVar

    ZVar Road Train Member

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    Well since we are in another housing bubble, of course the bubble will collapse. This is not alarming other than to someone who wants to sell scare tactics.
     
  4. Wasted Thyme

    Wasted Thyme Road Train Member

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    It's all the upside down loans. People who will end up having loans for more than their house is really worth.
     
  5. FFL Trucker

    FFL Trucker Light Load Member

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    Happened to my cousin's in 2008, happens any time loans are handed out like candy with basically zero interests.. Fanny Mae buggaloo part 2.
     
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  6. MLC Adventures

    MLC Adventures Medium Load Member

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    At least this time it was market driven (which was driven by all the free money)
     
  7. ZVar

    ZVar Road Train Member

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    That's their own fault. No one is forcing them to buy in a bubble. The fact we are in a bubble is no secret if you've been paying the slightest attention.
     
  8. LameMule

    LameMule Medium Load Member

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    I feel like we went along with the eviction/foreclosure moratorium in good faith at first out of compassion but at this point it's useless. Why are we protecting people who are unwilling to work?
     
  9. FFL Trucker

    FFL Trucker Light Load Member

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    It wasn't in good faith, you give out free stuff to plebs so that they don't rebel. Even the romans gave out free bread to the plebs and built a colosseum to keep them entertained.
     
  10. LameMule

    LameMule Medium Load Member

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    I almost felt bad for the people who bought my place but then I realized that they're idiots!
     
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