A Boring Dystopia

9727 readers

878 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 1 year ago

MODERATORS

[email protected]

312

Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward (finance.yahoo.com)

submitted 1 year ago by [email protected] to c/[email protected]

47 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 5 points 1 year ago

Why would it crash?

There's near limitless demand and deliberately limited supply. Any dips will come from lack of affordability on lending as interest rates rise, but you're talking hyperinflation for an actual crash.

So the house prices might drop by 20%, but you'll be able to borrow 20% less. So if you're fucked before any price drops, you're still fucked afterwards.