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Do you think we will ever have affordable housing again in our lifetime? (lemmy.world)

submitted 1 year ago by filister@lemmy.world 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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[-] xtremeownage@lemmyonline.com -2 points 1 year ago

I'd recommend either staying with parents, or finding a roommate right now.

Or, checkout some of the van builds. I'd totally live in one if I didn't have a full family to support.

Anyone who buys property currently is going to lose a LOT of money in the next year or so... so, I'd highly recommend to not buy... unless you don't mind paying 250,000 for something worth 120,000.

[-] AnxiousOtter@lemmy.world 5 points 1 year ago* (last edited 1 year ago)

Rofl 250k. I wish I could find a home that cheap. Just closed on a $1.16mil home out in butt fuck nowhere. It's nothing special, just a 3 bedroom single with a tiny backyard.

[-] xtremeownage@lemmyonline.com 2 points 1 year ago

Must be in California or near Houston? Or another large city I assume.

But, yea. Prices are doubled everywhere. Pre covid, I was getting ready to build a brand new 3k Sq ft house for around 200-300k.

Can't even touch the plot of land for that right now. And... the price to build is basically doubled too.

[-] AnxiousOtter@lemmy.world 1 points 1 year ago

~20 min away from the border of a major metropolitan area, yes.

this post was submitted on 21 Aug 2023

462 points (96.8% liked)

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