Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 3年前Pending home sales drop to a record low, even worse than during the financial crisiswww.cnbc.comexternal-linkmessage-square36fedilinkarrow-up1146
arrow-up1146external-linkPending home sales drop to a record low, even worse than during the financial crisiswww.cnbc.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 3年前message-square36fedilink
minus-squareVaryk@sh.itjust.workslinkfedilinkarrow-up77·3年前Even less people are buying homes, but prices won’t drop and mortgage are rising. Great. Seems like a healthy system.
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up36·edit-23年前And such a sustainable one too! But hey, waiting for your parents to die so you can inherit their house is still achievable by many people!
minus-squareEmpathicVagrant@lemmy.worldlinkfedilinkarrow-up27·3年前Don’t worry they’ll downsize or sell long before that
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up14·3年前Only if their retirement savings run out and they have to rely on Social Security. But really, what are the odds that will happen?
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up9·3年前The revolution would have to be pretty much global at this point. I don’t have much hope for that.
minus-squareSnot Flickerman@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up7·edit-23年前The Arab Spring called… but the line got cut off and I’m pretty sure they got beaten to death. So… yeah.
minus-squareCows Look Like Maps@sh.itjust.workslinkfedilinkarrow-up5·3年前Assuming they haven’t cut social security by then to.
minus-squaredeegeese@sopuli.xyzlinkfedilinkarrow-up8·3年前I mean… it happens like this at the end of every credit cycle. The most desperate sellers take price cuts. Prices slowly come down a teeny bit while inflation eats away at the affordability problem and rates gradually fall back down. In 3 years the market will be healthy again.
Even less people are buying homes, but prices won’t drop and mortgage are rising. Great. Seems like a healthy system.
And such a sustainable one too! But hey, waiting for your parents to die so you can inherit their house is still achievable by many people!
Don’t worry they’ll downsize or sell long before that
Only if their retirement savings run out and they have to rely on Social Security. But really, what are the odds that will happen?
The revolution would have to be pretty much global at this point. I don’t have much hope for that.
The Arab Spring called… but the line got cut off and I’m pretty sure they got beaten to death.
So… yeah.
Assuming they haven’t cut social security by then to.
Not if you never moved out.
I mean… it happens like this at the end of every credit cycle.
The most desperate sellers take price cuts. Prices slowly come down a teeny bit while inflation eats away at the affordability problem and rates gradually fall back down.
In 3 years the market will be healthy again.