I'll believe it when I see it. I think there's low inventory.

Absolutely! I only just bought my first house, which means I have a bit of a higher mortgage, but a house is simply a tool for survival.

I'm not planning on moving so it doesn't really matter what my house is worth. It was relatively cheap to begin with; 105k€. My monthly payment for the mortage is 520€ while the rent my friends are paying is usually 700€/month or more. That would cover my water and electricity bill aswell and I'd still have money left over.

Home owner, I started buying back in 2007. Been through one crash, and if another crash makes it so I can move again, fuck it. Let the whole thing just burn.

I never counted on equity, and the system was fucked from the start. At least this way I wouldn't feel trapped.

Your house isn't increasing in value, the buying power of your currency is falling.

I'm not selling in the foreseeable futher, so i care little.

Meh fuck it. Everything else depreciates so I don’t see why a house should be any different.

I dont want to pay more in property taxes.

Bring on to crash!

The only way this benefits a home owner is if they can live somewhere else for cheap or free. If you can't do that selling is pointless.

Once things come down then I could potentially afford a second home on my income. Additionally people less financially fortunate can afford the first house (or at least see their ridiculous rent prices drop).

It will be unfortunate for people who bought at an inflated rate so naturally those people won't be so crash happy but that's just the nature of it. If you are someone in such a situation then selling now and paying high rent elsewhere may be a wise decision. Not that prediciting a crash is a simple task.

In the US, at least, the last housing market crash was because people couldn't afford their homes. Since most homeowners are now on fixed rates and most people's incomes are significantly up since they purchased, there probably won't be a housing market crash like last one. Even with losing a job, a lot of these people could get a significantly less paying job and still be relatively okay compared to their Great Recession compatriots. With investors, most aren't in real estate for the short term. A lot sit on housing they don't rent or lease, even in a seller/landlords market. So you're left with poor investors and the short term housing investors, who can probably cause a collapse by themselves, but in an increasingly wealthy domestic and international market base, those will most likely be bought up before a significant dent in the housing market happens.

However, the federal government needs to increase housing supply and public transportation infrastructure by an obscene amount very soon, unless it wants a major economic and societal collapse in the coming decades that it may not be able to pull itself out of. A housing market collapse like 2008 should be the least of their worries.

I am ready, my capital willing and able.

(I will be doing my best to make the housing available to who needs it, fuck profit for profits sake)

Which country is having a housing market crash right now?

I play around with mortgage calculators every so often and look at houses in my area. One of them at current rates would have someone paying well over $10k per month at 20% down, not including utilities, food, water, gas, etc. (it is a 1.4 million home). My wife and I were speculating on the type of person who could even afford that, if you follow the rule of don't spend more than 50% of your monthly on rent.