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?
Don’t care. My land and my house are mine, and I don’t care what somebody else thinks how much they might be worth.
For people that have a mortgage a crash could still be relevant, because the bank could want more collateral.
That is too bad for the bank, since the contract is already signed.
If you look at history you’ll find banks have a way of getting what they want or destroying faith. It’s never straight forward. They have teams of lawyers, teams of people who make moves based solely on profit.