Considering how crazy expensive accommodations have become the last couple of years, concentrated in the hands of greedy corporations, landlords and how little politicians seem to care about this problem, do you think we will ever experience a real estate market crash that would bring those exorbitant prices back to Earth?

  • Teritz@feddit.de
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    1 year ago

    As long there is no Mass Genocide and Mass Death of Owner,the only possibility would be a to high Interest Rate that forces home owners to sell.

    All the Possibilities

    • jarfil@lemmy.world
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      1 year ago

      Given that most modern construction has a mortgage with some bank, a “Mass Death of Owners (and their descendants and families)” would just make the homes pass on to be property of the bank.

      • Tavarin@lemmy.ca
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        1 year ago

        But the bank will now have a glut of properties to sell or rent out, and far fewer people competing to buy them, so prices would drop.