• werefreeatlast@lemmy.world
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    8 days ago

    Maybe this is it?

    Like I bought into my current house mortgage at $500k. Now I’ve seen a few houses down the road finish building… Mid city in Kenmore WA, for 2.4million. Okay great! I can barely afford my place, how can anyone dream of getting into a 2.4 million dollar house if they’re not the CEO of something or another? My neighborhood has a mechanic, a teacher, a juice maker, a nurse. Like that’s the people here and they don’t have 2.4million. Their kid’s kid’s might one day buy a school book for 2.4 million and look at how cheap houses were today. But not us, now.

    So is this it? Does the market caput and the government just pays off all our loans in a big reset moment? Then everyone starts selling their house back to reasonable money like 200k or 300k?

    • stetech@lemmy.world
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      7 days ago

      Then everyone starts selling their house back to reasonable money like 200k or 300k?

      You misspelled “then giant companies buy up all the housing on the cheap and everyone continues to be miserable”

    • kiagam@lemmy.world
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      7 days ago

      You will not own anything and you will like it.

      No wonder everything is a subscription.