• Antiwork [none/use name, he/him]@hexbear.netOPEnglish
    10·
    2 months ago

    I need this stock market crash to become a collapse so all these landlords are forced to sell to get some capital back from their stock losses so I can finally own a home please.

    • MeowZedong@lemmygrad.mlEnglish
      5·
      2 months ago

      Jokes on you, it’s only going to hurt 401ks and the remaining pension funds. Investment firms may get discounted real estate, but you and I are going to remain at the bottom of that barrel (or more appropriately, at the end of their barrels).

      Look into any programs you can afford and maybe go in on a multifamily place with some other people if you can. That price dip we’ve been waiting for to get reasonably-priced housing is not coming in the US.

      • Antiwork [none/use name, he/him]@hexbear.netOPEnglish
        2·
        2 months ago

        I’ve been looking. There’s some good programs locally, but I do think there will be a housing recession if the stock market collapses. Not anything absurd, but at least enough to where I could afford a home.

        • MeowZedong@lemmygrad.mlEnglish
          2·
          2 months ago

          I really really do hope you’re right (I’ve been waiting too), but I don’t think it’s coming. Real estate is their “safe” money now. Despite all the red in the stock market, that money didn’t just disappear, it got moved and its still held by the same people that own 99+% of the market.

          It looks like any recession that comes will hit us, not them, just like every crash before that. 2008 led to people losing their homes while banks and hedge funds got bailouts. The people that got deals on homes were not those who needed homes.