this was my thought. I mean maybe it will fall to the point of being affordable. oh boo hoo. gotta bail out corpos who lost money buying single family homes I bet.
There are some people who bought at or near the peak who in theory lose out especially if they run into financial difficulties and are forced to sell at a loss.
While house prices falling overall is good and I'm happy about it the reality is that a minority of people will be significantly worse off and they will be unhappy about it.
Separating those people from the parasites who whinge that their 'portfolios' just got fucked can be difficult but only because the parasites are never honest about their situation when having a whinge.
8 Comments
NigelFrobisher@aussie.zone · 19 pts · 32d
It’s weird how much they phrase housing becoming more affordable as a bad thing.
HubertManne@piefed.social · 3 pts · 32d
this was my thought. I mean maybe it will fall to the point of being affordable. oh boo hoo. gotta bail out corpos who lost money buying single family homes I bet.
Cypher@aussie.zone · 3 pts · 31d
There are some people who bought at or near the peak who in theory lose out especially if they run into financial difficulties and are forced to sell at a loss.
While house prices falling overall is good and I'm happy about it the reality is that a minority of people will be significantly worse off and they will be unhappy about it.
Separating those people from the parasites who whinge that their 'portfolios' just got fucked can be difficult but only because the parasites are never honest about their situation when having a whinge.
Seagoon_@aussie.zone · 1 pts · 32d
still unaffordable for most
Almacca@aussie.zone · 6 pts · 32d
Bet my rent still goes up when I renew the lease.
Seagoon_@aussie.zone · 4 pts · 32d
wages are down to 1/3 in real terms of what they were in the 1970s
there is no way anyone could have foreseen housing would become unaffordable
prex@aussie.zone · 4 pts · 32d
Taleya@aussie.zone · 1 pts · 31d
yeah that's what we WANT to happen, mate