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Fellow home owners, are you ready for the housing market to crash? (lemmy.world)

submitted 1 year ago by ericbomb@lemmy.world to c/asklemmy@lemmy.world

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I know I'm supposed to want it to keep going up as a wealth generator or whatever.

But like... I wouldn't be able to afford the monthly payments if I bought my house right now and it's scary. Also none of my friends are buying homes, none of them are even renting full places. Just like renting rooms.

So what are your feelings home owners of lemmy?

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[-] JoJoGAH@lemmy.world 5 points 1 year ago

We need more well built homes. This is the hidden crisis inside the housing crisis. I have a friend who has actually paid for two homes but only owns one. It's been one thing after another in large and serious issues.
Shoddy and fast housing has been a problem, but now we are also here ,just after all this flip culture. Be careful and thorough, if we ever get the chance to buy that is.

this post was submitted on 29 Sep 2023

360 points (95.2% liked)

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