• LoamImprovement@ttrpg.network
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    10 months ago

    Good. Sorry to every mom and pop who treated housing like an investment, but at least you still have the house. Hope they slash the market 90%. Hope everyone who’s been waiting for a decade gets a place to live. Hope opportunistic landlords choke and go bust when they can’t pay three mortgages on their tenants’ salaries anymore. Housing is a human right.

    • Kittenstix@lemmy.world
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      10 months ago

      It’s definitely not going to slash it 90% to do that you’d have to make moves to guarantee houses are always losing value, much in the same way cars do, so that you have a thriving used house market for people that can’t afford, or don’t care, to buy new.

      That means either implementing the construction of houses with materials that have a short life, or forcing houses to be torn down after, let’s say 50 years.

      I’d prefer just getting rid of ownership of property, but i dont know if we are ready for that as a society.

    • curiousaur@reddthat.com
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      10 months ago

      90%? Ha!

      Opportunistic landlords? Those are the ones who are going to swoop in and buy everything if it drops 15%.

      Everyone waiting for a decade!? Everyone waiting that long who were ever going to own bought 3-4 years ago at record low sub 3% interest rates. That makes more of a difference in what you pay than the price of the house if you’re getting a mortgage, which is who you’re talking about here.