• drekly@lemmy.world
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    3 years ago

    A crash will not result in cheap houses for you to buy.

    A crash will result in large corporations buying a huge amount of the housing stock for cheap, and renting them out at a higher cost because they can afford to and you can’t.

    It’ll result in banks stopping lending so you can’t get a mortgage anymore.

    It’ll skyrocket interest rates and deposits so you’ll have to save double what you did before.

    A crash will fuck us all, because these days, everything does.

    • I Cast Fist@programming.dev
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      3 years ago

      The irony is that you can bet your ass the govt will step in to help the banks stay afloat while dooming the 90%, instead of regulating shit so it doesn’t happen AGAIN