this post was submitted on 28 Jan 2024
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me_irl

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me🏠irl (lemmy.world)
submitted 9 months ago by [email protected] to c/[email protected]
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[–] [email protected] 5 points 9 months ago

I’m hoping for a collapse in real estate

It's not going to happen. The last crash was 2008. Prices went down 30% which didn't come close to offsetting the increases from the previous run up.

https://dqydj.com/historical-home-prices/

At best there might be a long term oversupply from boomers dying. That would put long term pressure to lower prices. So if you wait 25 years you could have a house priced at what a house was 5 years ago.