462

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?

you are viewing a single comment's thread
view the rest of the comments
[-] MystikIncarnate@lemmy.ca 4 points 1 year ago

Unless there's a massive crash or a bubble pops, leading to a significant recession (unlike what we're currently in... Far more severe, and probably more severe than ever before).... No.

It may come down, and kind of ebb and flow a bit, but "affordable" isn't going to be a word used to describe where prices go from here.

Also, we definitely are in a time of great inflation, which is causing recession-like things to happen. If there's a recession at all right now, it's being manufactured by artificially inflated prices by greedy companies, more than anything else. This would be a good thing if "trickle down" economics existed (it doesn't).... So instead, everyone at the bottom is slowly dying while billionaire bank accounts gain a few more percentage points. When the system snaps from the massive disparagy between the ultra rich and the poor, if the system doesn't entirely collapse at that point, then we'll be in yet another unprecedented, once-in-a lifetime event, like we've never seen before. All of the millennial generation will groan and roll their eyes about it happening yet again.

Millennials, and by proxy gen z, have been so completely fucked by all the ultra rare events that have happened over the past two decades... A housing crash, a pandemic, a recession or two, now out of control inflation and insane race wars heating up. I feel like the entire generation is so burned out from it all that if aliens showed up tomorrow, it would barely be a footnote in most people's daily lives. Honestly, anything an alien race did, like taking over the world, would probably be an improvement. Even death at this point, seems more appealing than a lifetime of indentured servitude in an unfair system designed from the ground up to force the "poor" into positions they don't want, doing things they don't enjoy, just to make enough to live. That's not enough to make most of the generation suicidal, but I don't think many people would give a shit either way at this point. Moreso if you don't have dependents.

this post was submitted on 21 Aug 2023
462 points (96.8% liked)

Ask Lemmy

27027 readers
861 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about US Politics. If you need to do this, try !politicaldiscussion@lemmy.world


Rules: (interactive)


1) Be nice and; have funDoxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them


2) All posts must end with a '?'This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?


3) No spamPlease do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.


4) NSFW is okay, within reasonJust remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].


5) This is not a support community.
It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.


Reminder: The terms of service apply here too.

Partnered Communities:

Tech Support

No Stupid Questions

You Should Know

Reddit

Jokes

Ask Ouija


Logo design credit goes to: tubbadu


founded 1 year ago
MODERATORS