Fellow home owners, are you ready for the housing market to crash?
Fellow home owners, are you ready for the housing market to crash?
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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The interest on my mortgage is fixed for the next 10 years, so I'm more than OK with a crash. In fact, I hope it crashes hard so those who own properties as investments burn.
Someone is renting out a duplex by me for $2700 a month.
I hope it crashes and burns so they have to sell at a heavy loss for the crime of trying to rent out just a normal home for so much.
Like this was supposed to be the affordable part of town with small homes, town homes, and condos. Now investors are like... what if revenue stream?