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SeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 1 year ago

The real estate market is in for sharp correction with losses that could take a decade to recover from, strategist says

www.businessinsider.com

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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

SeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 1 year ago
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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
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Residential and commercial property prices could fall as much as 30% over the next few years, one strategist said.
  • benignintervention@lemmy.world
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    1 year ago

    Is recovery really what we want anyway

    • Dr. Wesker@lemmy.sdf.org
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      1 year ago

      Right? In my mind, the bust IS recovery.

    • Anticorp@lemmy.world
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      1 year ago

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

      • JamesTBagg@lemmy.world
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        1 year ago

        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
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          1 year ago

          Yes. Also, no more bailouts.

      • Skyrmir@lemmy.world
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        1 year 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.

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

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