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I hope the housing market crashes so I can afford to move out of this shit hole
Dude, fucking tell me about it. I make $30 an hour and can’t even afford an apartment in my own where I live. I’ve been reduced to living in my parents backyard in a small house we built.
Can I just please find something affordable already!
We talk about this often with the hope the market will crash again so we can buy a house. A house comparable to my parent’s home who paid less than 85k in 1992 would now cost nearly 300k. It’s insane.
A crash will not result in cheap houses for you to buy.
A crash will result in large corporations buying a huge amount of the housing stock for cheap, and renting them out at a higher cost because they can afford to and you can’t.
It’ll result in banks stopping lending so you can’t get a mortgage anymore.
It’ll skyrocket interest rates and deposits so you’ll have to save double what you did before.
A crash will fuck us all, because these days, everything does.
Whenever I was attempting to house shop in my city I couldn’t find anything that was livable for less than $400k. I grew up very poor so I’m not being hyperbolic whenever I say “livable”. I was not looking for anything glamorous. There were houses that should have been condemned going for $350k. This was in a “medium” cost of living area. I couldn’t even imagine what it would cost to buy in a high cost of living area.
As a Millennial, I’d like to stop having to deal with crises and just live my life, thanks.
I’m on my 6th or 7th
Something happened in the 80’s, but I can’t put my finger on what 🤔
Only one financial crisis? What are you, like 5 years old? These “financial crises” are happening pretty frequently now.
It feels like there’s been a financial crisis since 2008. Except somehow corporations are making more money than ever.
And before 2008 it was the after effects of the 1999/2000 tech bubble bursting.
Settings records for most ‘once in a lifetime’ events. We #1!
I thought we had a lot more financial crises than that.
