Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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The real estate market is in for sharp correction with losses that could take a decade to recover from, strategist says (www.businessinsider.com)

submitted 2 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world

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[–] Anticorp@lemmy.world 5 points 2 months ago (2 children)

Well, anyone who bought a house in the last few years will.

[–] JamesTBagg@lemmy.world 3 points 2 months ago (1 children)

I don't give a fuck. Stop buying houses as investments. I'd like to own a HOME. I don't want to sleep in my investment portfolio. Everything we own depreciates, but it's just expected the place you sleep should appreciate.

[–] Justas@sh.itjust.works 3 points 2 months ago

Yes. Also, no more bailouts.

[–] Skyrmir@lemmy.world 1 points 2 months ago

I feel like that's a case of facing the consequences of their own actions. The idea that a house is an investment, needs to die a painful death, as a warning to future generations.