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Fellow home owners, are you ready for the housing market to crash? (lemmy.world)

submitted 1 year ago by ericbomb@lemmy.world to c/asklemmy@lemmy.world

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I know I'm supposed to want it to keep going up as a wealth generator or whatever.

But like... I wouldn't be able to afford the monthly payments if I bought my house right now and it's scary. Also none of my friends are buying homes, none of them are even renting full places. Just like renting rooms.

So what are your feelings home owners of lemmy?

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[-] Jmdatcs@lemmy.world 16 points 1 year ago

For me personally, my wife and I are probably going to stay in this house until it's time for the old folks home so it's just numbers that'll never actually mean anything. If it crashes by half or more I'll actually get a reduction to my property tax.

Let it crash, this is unsustainable. Having a secure, long-term roof over your head shouldn't be so fucking hard.

this post was submitted on 29 Sep 2023

356 points (95.4% liked)

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