this post was submitted on 21 Aug 2023
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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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[–] [email protected] 0 points 1 year ago

this is lemmy what do you think they will answer

[–] [email protected] 0 points 1 year ago

Yes but it depends what country you are in. Many countries are not controlled by greedy landlords.

[–] [email protected] 0 points 1 year ago (4 children)

There are still countries with affordable housing like here I bought an apartment for 90 000 euros a few years ago. I was renting it before for 450 euros. It's in the capital next to a park.

As for the places where people can't afford a home: I think climate change will take care of that. Once we get events where death without a home is guaranteed the math will change and people will just break into and squat in the empty homes. Once that becomes popular enough something has to change or a whole lot of people will die when evicted, I don't think any country can handle that PR disaster.

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[–] [email protected] 0 points 1 year ago (2 children)

I mean we are seeing the results right now of decades of exponential growth. Take a house that costs $100,000 and increase prices from 3-10% per year every year for ten twenty forty years whatever and boom, same house now costs a million bucks. It's not surprising to me at all. Idk how to fix it but it's not surprising.

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[–] [email protected] -3 points 1 year ago

Not unless you liberals accept socialism is the only way forward

[–] [email protected] -3 points 1 year ago* (last edited 1 year ago)

No, unless there is a thanos-snap, then everything like housing, energy, and climate change will resolve automatically. But if humans keep on breeding like bunnies and outsmart things like aids, ebola, and even covid, overpopulation will put a lot more people in misery.

Every problem we solve only gives the opportunity for population growth... until the earth can't sustain us anymore.

It sounds cruel and that is why a lot of people won't admit this.

[–] [email protected] -4 points 1 year ago (2 children)

Do you guys not have ~~phones~~ parents? You will get a house when they die. If you have siblings, you can always murder them. If your parents dont have a house, then you are fucked.

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[–] [email protected] -4 points 1 year ago (1 children)

Idk about this fad. I bought a house at 25 without a problem, and haven't heard of my friends having much problems either. Is this a US thing or what?

[–] [email protected] 0 points 1 year ago

I am actually based in Europe and here prices really shot up after COVID.

[–] [email protected] -4 points 1 year ago

No. Stop hoping and take the houses instead.

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