Narp.
this post was submitted on 21 Aug 2023
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I'm not sure. I don't really believe things will get better, as they only seem to get worse as time passes. I'm a 3rd worlder...
As long there is no Mass Genocide and Mass Death of Owner,the only possibility would be a to high Interest Rate that forces home owners to sell.
All the Possibilities
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Not only no, but you better get a burial plot while you can afford it.
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In a democracy, it usually requires a majority of people to feel the same. Right now, in almost every Western country, most people live in owner-occupied housing. Most people are perfectly happy for prices to keep going up. So they’re fine with high migration and slow building. Slowly, the number of owner-occupied homes is decreasing, but we are decades away from the flip. When it happens, it’s going to be extremely destructive. Generations have and will have been locked out of home ownership. There will be all kinds of punitive taxes on property.
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I’m hopeful
Not unless we reduce the amount of red tape necessary for new construction. A market with super high housing prices should naturally correct itself as those profit margins attract new investment, but we clamp down really hard on new construction via nimbyism and over precise zoning laws.
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No in this capitalism situation there is no more chance with the actually prices to own an house.
Eventually we are going to realize that not everyone is going to be able to have a big yard and a big house with 3 cars each. Something has to give and I think it is going to be zoning laws. So while people might be able to afford "housing" again at some point in the next 50 years it is going to be more like a shack than a house.
Not in time for people looking to buy soon. I think eventually it may happen but it might take decades.