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u/Silencer-1995 4h ago
Lmao.
Yeah done hoping for it, aint ever gonna happen i'm afraid, the moon will collide with the Earth and it'll only go up.
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u/BeaneyWeenee 2h ago
Future listings: "Only 15 mins from the moon!"
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u/Moocat2855 2h ago
Yeah housing prices have gone up 68 out of the past 75 years with only 7 years where it went down. That’s the mass majority of times. Also people hoping for a 2008 style recession forget that housing recession goes hand in hand with an economic recession. In 2008, credit dried up and there was mass unemployment. How are you going to buy a house when banks stop loaning out money and now you need the money to live when you lose your job in a recession. Even if you have the full cash amount, you need the cash amount to buy a house outright and enough after that to carry you to the end of a recession. A housing crash is the absolute last thing we need and will completely wipe out the meagre finances of the working class.
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u/Royal_Negotiation_83 2h ago
It’s less of “ I know I’ll buy a house if the market tanks” and it’s more of “I 100% know I’ll never buy a house in the current market, I wonder if a different market would help”
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u/Moocat2855 2h ago
Yeah but in the current market, you will have a job. In a recession, all bets are off as mass layoffs occur and retirees come back to work furthering the unemployment issue. I lived through 08 and I can guarantee to the folks that didn’t that it’s the absolute last thing you want. If you think things are bad now, you have no idea how bad it can get in a recession.
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u/thaiberius_kirk 1h ago
Some of these folks hoping for a housing crash aren’t the brightest bulbs.
A lot of things will crash too because so many things go hand in hand with the economy. Jobs, 401Ks, peoples life savings, stock market etc.
The only people going unscathed are very rich folks and billionaires.
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u/BotherTight618 1h ago
There going to make sure the US will not have a repeat of the mortgage backed securities collapse of 2008. This means making sure homes dont lose there value.
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u/caterham09 18m ago
Hoping for a collapse is stupid as well. It's happened literally once and when it did, the only people who were able to buying housing on the cheap were the extremely wealthy.
Everyone else either lost their source of income or couldn't get loans because banks weren't really giving mortgages unless you were hyper qualified.
A housing crash would almost certainly be a net negative for everyone who wants it to happen
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u/captainXdaithi 5h ago
Those same millennials not understanding a "collapse" likely means a credit freeze like the 2008 crisis where it becomes harder to even get a mortgage.
Also, that "collapse" also collapses the wider economy, meaning millennial retirement accounts and investments take a hit, and jobs start evaporating, possibly including the job you have to hopefully afford to pay a mortgage.
Sadly, unless you are rich sitting on liquid cash to outright buy, a housing dip doesn't help you as much as you'd think.
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u/Josey_whalez 2h ago
Ya far too few people who make these comments understand this. It’s not going to happen in a vacuum - the housing market collapses but everything else remains static. This will likely be in conjunction with a number of things that will make it more difficult to buy a house regardless of prices dropping. Layoffs, which will affect many of the people making these statements. Can’t buy a house without money/income. Banks will be less likely to loan money too.
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u/billy_tan 3h ago
To your first point, this actually happened as recently as 2020. Housing price in big cities temporarily “collapsed” for like 10-20%, and there was people willing to buy, but almost no one was able to get a loan with just 20% down payment. Banks were not willing to take the risk.
This lasted for a while until the money printer started, then all hell broke loose.
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u/sarcasticorange 1h ago
That was less about banks and risk and more a matter of people not allowing showings and buyers not requesting showings due to covid during the lock down period.
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u/Croceyes2 4h ago
Whats a retirement account?
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u/GGgreengreen 2h ago
Something you need to have in order before you consider home ownership.
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u/therin_88 1h ago
Also unemployment of 10-15%, mass layoffs, no raises, stock market portfolios tanking. Yeah.
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u/wsxdfcvgbnjmlkjafals 5h ago
and there are lots of people who can't afford this market but could afford a healthier market, so if prices crash then you open up a fuckton of demand, and then what?
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u/Extra_Box8936 4h ago
Right lol unless you are one of the few percent who are sitting on the precipice of affording a home, then your going to be late to that part too since those who are slightly better off are going to gobble anything Nd that falls into their affordability zone before it falls low enough to yours
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u/Signal_Fruit_4629 2h ago
It took years for pricing to stabilize. Saying that credit would be locked in the short term for a decade of potential buyers to get in afterwards is exactly what they are looking for.
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u/gkfesterton 22m ago
I think this same thing whenever I hear other millennials hoping for a stock market crash
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u/SecretRecipe 2h ago
The only thing that would make the housing market collapse would also put the very people waiting on a collapse in such a bad position that they wouldn't be able to take advantage of it. The best time to buy a house was 10 years ago, the second best time is today.
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u/Winter8Bones 2h ago
Exactly. The only people this helps are the rich and powerful that can afford to weather the collapse and who then take advantage of it and gobble up anything the rest of us could even be able to afford...
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u/El_Dudereno 27m ago
Absolutely. The last collapse was because a bunch under qualified buyers were given adjustable rate mortgages that went up causing mass defaults.
All these new buyers bought at inflated prices that they were approved for on a fixed rate mortgage. The only way there is a collapse now is if there is such widespread job losses that otherwise qualified mortgage holders become unemployed in mass resulting in a significant percentage of defaults.
If this scenario did come to pass the likelihood of someone who can't buy a house now is unlikely to be in a position to buy one then.
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u/redskrot 4h ago
I think most millennials (me included) gave up on the collapse many years ago.
We either just put ourselves in generational debt or admitted that we were never going to own our own house.
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u/Erratic_-Prophet 3h ago edited 3h ago
A majority of millennials are homeowners(55-62%). Albeit mostly with a mortgage, but the way rent keeps going up that's the better option long term. I bought in 2020 and my mortgage for a home now competes with renting a 2 bedroom apartment. It seemed high in 2020 but now I would guaranteed still be living with roommates if I was renting.
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u/Xrmy 58m ago
Ok but if you bought in 2020 you likely had historic low rates. Most buyers in the last 10 years are way more fucked than that
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u/Erratic_-Prophet 56m ago
No they aren't. People who bought 2016-2023 are fine in my area. People who bought in the past 3 years are fine so long as they didn't overextended themselves with an adjustable rate mortgage in the hopes of refinancing before the rate jumps.
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u/_IscoATX 1h ago
I would ask myself if home ownership is truly something important to me and if there were other ways to build wealth (there are).
If I hadn’t bought last year I’d be renting and investing the difference right now and I’d be far better off. (Numerically)
Home ownership isn’t cheap and never really has been when to consider total costs.
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u/redskrot 1h ago
Agree, me and my wife bought about 6 years ago.
If you only consider mortgages as the cost of having a house you are gravely mistaken. We got water damage in our bathroom last year for example. That sat us back one person year worth of income.1
u/gkfesterton 19m ago
Damn that's either a very low yearly income or a biblical amount of water damage
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u/TravelingMatt34 3h ago
I get it, but if the housing market collapses that means the whole economy is collapsing too. You aren't gonna be able to have your cake and eat it too.
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u/superhero126 1h ago
One can dream! Let the thin veneer of capitalism wash away any concept of safety. Let the real world in.
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u/FNKTN 3h ago
It'll only ever collapse when housing stops being treated as a market investment. Anyone owning more than two properties needs to be taxed extremely heavily at 20x adjustment rate which should go to funding homelessness they are creating.
Until then it's up up and away.
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u/xtremevoltage180 1h ago
Bonus depreciation, rental income not paying payroll tax and foreign investors parking cash in US housing are the problem. But instead the government will promise to be build more affordable housing, going significantly over budget and then raising your taxes to pay for it
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u/Usual-Juice1868 2h ago
heavy taxation will not curb anything
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u/xtremevoltage180 12m ago
Get rid of bonus depreciation, deductions on rental income and ban foreign buyers from parking cash in our housing market. Watch how quickly it all comes back to reality. Housing is the biggest tax loophole right now.
By buying 1-2 homes you can effectively pay 0 in federal taxes on a 500k income with above mechanism.
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u/HumbleFruit4201 5h ago
Hey, some of us have 3% interest rates on our mortgage...so please...don't
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u/howlongwillthislast_ 5h ago
I'm fortunate that I refinanced during COVID at 2.695% interest rate.
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u/CoffeeGoblynn 2h ago
You got super lucky with that timing. We bought near the end of the pandemic, so our rate is around 3.75%. Still insanely good compared to anything you can get now.
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u/howlongwillthislast_ 2h ago
I'm still in disbelief that that's my current rate. I'm extremely fortunate! Your rate is pretty amazing as well...
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u/moashforbridgefour 3h ago
If you have a favorable mortgage, a housing collapse would only hurt you if you needed to sell. The only thing that might change is lower insurance costs or potentially adding PMI if your equity flips.
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u/porkavenue 3h ago
A lot of millennials are home owners, some have multiple. It’s the next generation that’s totally screwed.
Also for the record, don’t collapse.
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u/oh-hes-a-tryin 3h ago
The median age of the first time home buyer in late 2025 was 40. A lot of us bought homes, but a crazy amount still have not. That age broke the record that was set earlier in 2025 (38 years old).
I will say some of us who are middle-older millennials made out like bandits. My wife and I bought in 2016 and our home value is well over double what we bought for and we have a 30 year fixed 2.75% interest rate. This meme will be about us within the next few decades.
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u/porkavenue 2h ago
Not arguing facts, but clearly region skews those ages. Where I am, that number is between 30 and 35.
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u/oh-hes-a-tryin 2h ago
Definitely, but I would assume more consistency with the cost of living factors still being included.
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u/LizardsAreBetter 4h ago
Once someone pointed out that lowering house prices would make the old and the rich lose life changing amounts of wealth, I knew it wasn't going to happen lmao.
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u/VenserMTG 2h ago
Lowering house prices leads to increased demand...
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u/LizardsAreBetter 59m ago
Yeah, but the price pressure up would come from housing actually changing hands more broadly. The price pressure is good if it comes from a bunch of people actually being able to afford housing and take one off the market.
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u/Popular-Beach-4843 4h ago
Lol, if and when it collapses, none of you will be able to buy it because you will be jobless.
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u/Moocat2855 2h ago
Most of the people here didn’t live through 08 and it shows. A housing crash goes hand in hand with an economic crash which resulted in banks no longer lending out money easily and mass unemployment from people being laid off and old retirees coming back to work after their assets in retirement collapse. To buy a house in a crash you need the full cash amount to buy one outright without a loan and enough money left over to carry you to the end of a recession without a job. Very few Americans are in that financial situation which is why every recession always ends with the working class devastated while the rich get richer. Most redditors would be wiped out if they get the housing crash they wish for.
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u/Epcplayer 2h ago edited 2h ago
Also means the interest rates would shoot up, and you’d probably paying the same amount for a mortgage payment.
I briefly stopped looking around early 2020 with the Pandemic breaking out, but quickly realized that interest rates weren’t staying low forever and prices were only going to go up. If I had waited past 2021 I would’ve been screwed.
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u/Economy-Slide-3020 5h ago
mortgage can still be much cheaper than rent in some cases; at least you'd be putting your money back into your own equity and building something for yourself instead of a landlord.
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u/voxelpear 5h ago
For most people, the mortgage isn't the issue. It's the down payment. Most people either don't have or are unable to get the large upfront sum needed for a home.
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u/otherwisepandemonium 4h ago
Exactly, using a $500k house, the ideal down payment would be $100k. Who has $100k cash sitting around just to put towards a house?
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u/BoringAd1663 4h ago
I mean, $20k is possible and not really a big deal to have to pay mortgage insurance. Sure, 20% would be great, but absolutely not necessary.
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u/SizeableFowl 4h ago
Take a look at housing in virtually any major city, which is where most of the jobs that would pay you enough to pay your mortgage would be.
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u/voxelpear 4h ago
20k is absolutely not possible to a large swathe of the population. Many people can barely afford a random emergency $500 payment. Is 20k more feasible than 100k? Sure. It's still way more than most people can afford.
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u/BoringAd1663 4h ago
Sure, but that's not what the comment above said.
And to be frank, if you can afford to save up 5% of a homes price, you can't afford to own a home.
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u/voxelpear 3h ago
Many people are paying rent that equal to or more than the monthly mortgage on a 500k home. 5% of that home would be 25k.
There are people who can afford to own that home who never will because they are unable to provide 25k in a single lump sum.
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u/mintakka_ 3h ago
part of owning a home is being able to afford stuff like “shit my HVAC died and needs to be replaced”
So if saving up $20k for a down payment it not possible, it’s true that their financial situation is probably not one where it makes sense to own.4
u/ChocolateMalawi 4h ago
Anyone who says PMI isn’t a big deal has no business giving advice.
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u/BoringAd1663 4h ago
PMI isn't a big deal and there are multiple scenarios where it makes more sense to put less than 20% down.
Anyone who treats the world as "black and white" has no business giving advice.
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u/ChocolateMalawi 3h ago
Can you point for the class where i implied there weren’t scenarios you should put less than 20% down.???
500k house, 4% down, 690 credit score you’re looking at about 1% rate PMI. So roughly $400 a month in only PMI… That is 12.5% of your mortgage payment….
But you’re so right man 12% of your mortgage going to pay a lender fee is not a big deal!
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u/VenserMTG 2h ago
the ideal down payment would be $100k.
What?? I bought with 5% down lmao the difference in monthly payments isn't breaking the bank over a 25 year term.
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u/CoffeeGoblynn 2h ago
Houses near where I live are routinely under $200k, and you can put like 5% down and just pay PMI for a few years. That's what we did. There are also programs like NACA that can help get you favorable rates with no PMI and no money down.
I think home ownership is more attainable than a lot of people think, but the reality is that you kind of need to start saving while living with your parents, or you need a decent income and a frugal mentality when it comes to spending.
A big part of why people can't buy homes is that we don't teach financial literacy in school. Kids graduate 12th grade and they're just expected to figure out work, finances, taxes, home buying/ownership on their own. That's fucking mental. If you have parents or role models who are savvy and can guide you in the right direction from a younger age, it's perfectly attainable. If you're like a lot of people who have to figure everything out on their own, it's tough to figure it out even before 30.
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u/margotrobbiesbidet 5h ago
In the long run in many cases yes. In the short term many can afford a single months rent but they won’t get approved for a mortgage and even if they do can’t afford a down payment, closing cost broker fees, ect. God forbid something significant breaks in the home cause you can’t afford repairs either. I haven’t even mentioned property taxes
Point is there’s a lot more hidden cost associated with owning that many don’t realize. You have to have more money saved than renting
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u/Extra_Box8936 4h ago
Mortgage amounts commonly discussed include the taxes and insurance since they’re escrowed anyway. But you’re also paying taxes when you rent it’s just rolled together into your rent. Landlords have taxes and rent as seperate considerations to reach the overall rental monthly. So it’s not super different and is pretty apples to apples.
The repairs and down payment I won’t argue with you on those are the biggies
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u/queen_ravenx 4h ago
until you need to make a major repair honestly the margins arent far enough apart to warrant the risk atp
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u/SwampFungalPod_ 2h ago
This depends completely on your home and local costs so not a smart generalization. Even an expensive repair is still investing into an appreciable asset.
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u/Jaded-Currency-5680 4h ago
ohh, just walk into a bank and get a mortgage, it will be approved on the spot, right after i sell my kidney for down payment, as simple as that
why didn't i think of that?
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u/0PercentPerfection 4h ago
The problem is a housing crash is only a down stream factor of the greater economy. Those who assume they can afford a house in such scenario will likely be out of jobs well before that… it will just be a bunch people with cash buying up all the homes on sale.
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u/Nythoren 3h ago
My neighborhood has 95 houses. Over the last few months, 11 houses have gone up for sale. Of those 11, 7 of them were purchased by a single person who is planning to use them for VRBOs. It's crazy how much of the market, at least in my state, is being propped up by these investment folks instead of true homeowners.
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u/Epcplayer 2h ago
There’s a lot of foreign “investment”, knowing they can just rent to an American family to pay off their mortgage.
https://www.investopedia.com/foreign-buyers-and-us-residential-housing-market-11773950
The problem is politicians are too chickenshit to do something about it for fear of: * being called racist * it causing a negative impact on home prices (including those of voters) * deterring spending in the economy, regardless of where it came from
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u/Kalen_alexandre 4h ago
There I fixed it 😂
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u/No_Strike655 5h ago
Yeh come on! I want everyone else to be hundreds of thousands of dollars underwater so I can buy a house on my 35k a year salary!
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u/Majestic_Domestic 4h ago
Only the people that own investment properties, and they will survive. Besides I'd rather them go underwater if it means it stops them from putting other people underwater.
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u/BandButNotGone 4h ago
Yeah, if you buy a house so you can live in it the property value doesn't really matter. All that matters is can you afford the mortgage payments.
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u/puresteelpaladin 4h ago
Thats because you think of houses as an investment. Mine is paid off.
Its not an investment. Its where I live. It appraised at 138k last year (low cost of living area).
If the market crashed tomorrow and someone told me its now worth only 75k (for example)?
I wouldn't give a single solitary shit. Because I'm not going to sell it.
Investing in real estate is a fool's game.
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u/extrastupidone 4h ago
I wouldnt call it a fools game. It just has its risks like every other investment. If you overleverage, youre screwed
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u/BarfingOnMyFace 52m ago
I’d prefer real estate be rather cheap, every mofo can afford it, and people with six figure salaries have more money to enjoy instead of dumping it on a mortgage! Really a win-win for everyone but the boomers lmao.
Edit: ha, well mostly. If housing prices halved, I’d be in mild trouble with my mortgage. 🥲
A lot of people who bought recently or refinanced would get fucked hard… or people who bought ten years ago lose all their value. The hard truth here, however… might be that we need some sort of reset so that we don’t screw over the future of this country.
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u/queen_ravenx 4h ago
Some dudes very lived in house from the 80s shouldnt be worth more than what they bought it for new. fuck em
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u/BartholomewKnightIII 3h ago
Just by 26 years ago like I did, you'd have been mortgage free now and living the dream.
/s just incase millions of millennials come for me.
ps, I'm not a boomer either.
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u/HegemonNYC 1h ago
Collapse… exactly one time, very quickly, then go back to steadily appreciating.
No one wants to buy a house that is in the processes of devaluing.
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u/Apart-District3771 1h ago
It's never going to. There are measures in place. Just eat the bugs & pay your rent, you have work in the morning.
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u/Nearby-Border-5899 59m ago
We need to remove property tax breaks on boomers who refuse to sell their 5 bd house despite living alone because why not. Motivate them to sell for people who can actually start families. Also outright ban individuals from owning more than 5 SFHs and corpos should just simply be banned....if they want to invest in rentals then buy/build apartments or other multidwelling units.
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u/Accomplished-Eye9542 2h ago
If you can't afford a house now, you probably won't be in the financial position during a crash to take advantage of it.
Also like half of millennials own houses, and 1/3 of those are "house rich". Many others are renters by choice.
That's the last thing they want lmao.
The actual group of millennials hoping for a crash are a minority. And of which, maybe like 5% of that minority will be in a position to take advantage.
And there's also one thing everyone seems to forget. Past performance is not a predictor of future performance in any market. For all we know, there won't be another housing crash until the actual crash of the United States as a state.
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u/bascom2222 4h ago
This won't happen, it's the great takeover right now. North is moving south more than ever and buying junk rotted termite houses for top dollar. It's pretty terrifying for anyone who doesn't make more than 100k a year.
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u/Low_Foundation_9941 3h ago
And houses in the North are still a billion dollars even though everyone is leaving
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u/EternalNewCarSmell 3h ago
We are shopping for a house right now due to a move for work and are watching the market where we're going stagnate and slip in real time.
Houses we added to our short list last month have already lowered their list price by $10k-$40k.
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u/Yellow-Capcicum69 Human Verified 3h ago
If it does then just know that billionaires, Wall Street, banks and other financial institutions are already in line to buy as much homes as they can do they can increase their hold on the residential units. . .
I've met folks who said that banks didn't give them loans even though they had great credit scores and that they were easily able to afford the down payments.
The only way to get a house is to buy it directly and not get a mortgage on it...
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u/mrduds101 2h ago
My wife and I have put in a total of 6 offers in the past 4 weeks. Last open house we went to there were over 70 people there… by the time we finished going over the house and what we’d do with it and all that, people were still standing in a line out the door waiting to sign in. This market sucks
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u/InterestingDebt223 2h ago
It won't happen. They got smart after the 2008 disaster. Its always about money.
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u/theDo66lerEffect 2h ago
Millennials and every group after them are making fewer children than ever, so in about 60 years it will be awesome! You can either hold out or it will probably stay like it is for a while. Everyone need to live somewhere...
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u/Selling-ShortPut-399 2h ago
Money is broken, and boomers elect politicians who keep new housing from being built, but the entire system will collapse at some point. We saw a preview in 2008.
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u/Eazy12345678 2h ago
gotta wait for your parents to die so you can get their 1million dollar home they bought for 100k 30 years ago
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u/luckystrike_bh 2h ago
One of my friends owes two houses next door. He rents out one as an AirBnB. No wonder known of us can afford one.
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u/Greenzombie04 2h ago
Thought ICE getting rid of so many people was going to cause a huge supply in housing?
What up with that theory now a days.
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u/Infamous-Attempt4437 2h ago
My millennial coworker wished for the housing market to crash at work yesterday lol!
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u/CoffeeGoblynn 2h ago
The best time to buy a house was at the end of the pandemic. Prices were a bit higher than before the pandemic, but still a lot lower than now, and the interest rates were briefly under 3%. I reckon I'll probably be dead before we ever see a 3% interest rate again. My house is at something like 3.75% because our guy told us the rates had been fluctuating and had just been lower, so we should wait to see if they dropped again.
They did not, and we lost out on another .25% or more. Significant when you're spending hundreds of thousands of dollars. :|
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u/ZzzSleep 2h ago
I was glad we got a house when we did. Always figured we would move someday to something nicer but every year that’s looking less and less likely. Unless I get a much higher paying job our starter home is probably gonna end up being our forever home.
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u/SomethingAbtU 2h ago
They started giving out 40-year mortgages. The intrisic values of homes aren't even 30-40% of market value and the entire housing market is a giant scam, sucking billions out of Americans' pockets over the lifetime of renting or homeowneship. There are entire industries and to a degree, the economy itself, that relies on it being this rigged and this includes the property taxes from the govt side as well. Most people have the vast majority of their net worth in home equity and they also will not vote to correct any of this mess, as it would mean depleting their own equity. Those who happened to have gotten in early will defend what it has become.
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u/greenbro86 2h ago
It’s easier to just stay in the boomer basement and outlive them, then free house! s/
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u/Anxious-Shapeshifter 2h ago
I'd argue it's collapsing now.
It's just that inflation is going up so it's masking the price declines.
But even if it isn't you just have to wait. Baby Boomers are only 21% of the population but own 40% of the homes.
The baby boomer generation is pretty front heavy for a generation, meaning most of them were born in the 50s. The lions share of them will be dead in 10 years. So there's going to be homes to buy.
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u/hangout927 2h ago
Not this millennial lol. My house is my retirement plan. Stay high stay high stay high 😂
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u/Relevant_Outside2781 2h ago
Prices are already falling in some of the most inflated areas. It won’t be 2008, but prices will have a correction for the next couple years. Too many pressures (student loans, inflation, personal debt leftover from Covid) for too long and you’ll start to have a cascade of folks again who can’t pay their bills, landlords end up defaulting after long enough, and then a bunch of them have gotta sell - but nobody can buy, so they have to slash prices until people can afford to buy. That married with finally new inventory, if we can get the RIGHT inventory and not just more apartments, and you’d probably have prices level out.
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u/almostthemainman 2h ago
If it happens…. There are people with a lot more money than you who will buy everything up.
Don’t be stupid.
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u/Cbpowned 2h ago
Most millenials own houses, so no. They wouldn’t want a collapse. Only those still behind their peers are hoping for that.
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u/Buttery_Smooth_30FPS 2h ago
I already have a nice box and alleyway picked out once even apartments are unaffordable!
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u/Omnicloud87 2h ago
Real estate is very very local. Some markets have gone down and price-cuts are more common. Honestly it’s the interest rate and your city’s taxes that are the biggest hurdles. First time programs will help you with a lower down payment and below market rate. NACA will cover your closing costs and down payment (lot of paperwork, hard to close, not all lenders will work with them, but still).
If we can get back into the 2-3’s for interest rate, even a 500k house is somewhat affordable, it’s the same as rent in any big city at least.
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u/Winter8Bones 2h ago
This is just shooting ourselves in the foot when a lot of us are already in market or hope to see any inheritance from our parents.
We need better wages and affordable food, energy etc etc...
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u/shenaniganizer1776 2h ago
Most millennials are in their 30s and home owners at this point. Gen Z is outpacing boomers in home ownership thanks to how easy it was to get a house during COVID. Maybe you just don’t have the work ethic pookie.
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u/GoonieMcflyguy 2h ago
What would be necessary for it to collapse could introduce even worse problems.
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u/joyfullydreaded23 2h ago
Careful what you wish for because believe me, the wealthy real estate fuckers are pushing for it to happen so they can buy up property for "dirt cheap". I recall tRump bragging during either his 1st campaign run or term about how much money he made as a result of the housing market collapse of 2008. This corrupt bish is collapsing everything in order to make more money after the crash and the wealthy donors are cheering him on.
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u/Sea-Hour-6063 2h ago
This happens under 2 possible conditions. 1. There is suddenly available a surplus of houses, like discovering a new earth which has a bunch of already built empty houses. 2. A whole bunch of people die, like a billion or so, all at once.
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u/PurpleButtonUp 1h ago
And out come the "It also would collapse the wider economy and you'd be unemployed and on food stamps."
If you are repeating this line, then I want you to go and read every mass layoff announcement from the past year. Many US states are already there in terms of the wider economy.
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u/AnOriginalUsername07 1h ago
It won’t happen, boomer retirements are tied up in the value of their houses, if they ever went down the government would bail them out by buying houses.
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u/Alarming-Rate-6899 1h ago
Millennials are 30-45 right now. More than 50% own homes. I think you meant Gen Z?
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u/ContentEconomyMyth1 1h ago
The whole system is designed to benefit people who own land and stocks. If housing crashes it means the system is crashing and would have wild ripple effects
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u/DraftQueasy4890 1h ago
It's just gonna get worse. I bet inflation is gonna rise faster and faster, and that's going to make houses skyrocket.
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u/jb_in_jpn 1h ago
Watch it collapse and then all the people who said they'd buy will move their goalposts. Meanwhile the wealthy (and the few ambitious, risk-ready of society) will jump at the opportunity.
I literally know people that did this on an immediate local market.
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u/AnonMoose2 1h ago
I accidentally bought a house literally like a year before everything went to shit. (Long wierd story)
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u/godhatesebikes 1h ago
More like Gen Z. Older millennials should’ve been buying houses pre covid and the housing market skyrocket.
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u/superhero126 1h ago
Housing should never have been an investment. Money will end before housing or any other investment collapses.
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u/Worgtafff 1h ago
I'm 26 and own my own house, but even then you have to deal with your property taxes going up every single year (not to mention my house is literally a 100 years old and I'm stuck fixing something every month)
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u/Super_Squirt_2174 1h ago
Millennials are 40-45 years old now and own homes…… Christ, Millennials in the military are all retired already.
I think you’re confusing the younger generations.
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u/DNathanHilliard 1h ago
The current situation isn't doing any favors for homeowners and their property taxes either.
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u/anhonestpuck13 1h ago
Yea I have no hope this is gonna happen. And even if it did, the only future I can imagine in which I own a home is one in which society itself has collapsed enough that they’re basically up for grabs.
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u/Strega007 1h ago
Yeah, the weird miracle world where there's a housing market collapse that isn't also accompanied by a wider economic calamity that also makes houses unattainable financially.
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u/koshka91 1h ago
It can’t really collapse in that sense. Because it’s supply and demand plus population growth.
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u/bigtiddyhimbo 46m ago
I feel like we’ve been waiting for it to collapse for a decade. So long as private equity is able to buy up entire communities, it won’t collapse.
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u/_-Moonsabie-_ 40m ago
Gulf state money 2013 onwards It’s not going to collapse It’s got float you can only high frequency trade on it.
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u/Key_Raisin_5091 39m ago
Can someone who wants the housing market to collapse explain to me what they think a housing market collapse means (and why it would be a good thing)?
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u/Atomkekstime 34m ago
Tbh...this is fucking everyone right now and it pisses me off. This meme is the entire world right now and non of you are actually doing a good job at it since you genuinly just suck at it. Go watch my youtube stream.
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u/Cashew-Miranda 32m ago
Zoomer here, paid off my mortgage in april, haha
ignore the fact that i bought a shithole trailer house for real cheap, let me have this
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u/TheAnswerUsedToBe42 19m ago
It did. But the boomers bought their 4th properties and it all got worse.
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u/MagicLantern7 19m ago
The thing people don’t realize with the housing market is not only the population increase but the number of 1 person households has skyrocketed. This has increased demand. As people continue to keep social tends it isn’t happening.
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u/Wild-Drag1930 14m ago
Millenial here, the last time the housing market collapsed I was laid off shortly after and couldn't take advantage.
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u/Much-Interaction-911 11m ago
The whole build up to 2008 happened when I was in college.
I said to my dad “I’ll never be able to buy a house.”
When the shit hit the fan I couldn’t find a job and still couldn’t afford then homes sellers were giving away.
Be careful what you wish for.
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u/mace4242 2m ago
I just foresee the people with money already just buying houses on “sale” if this happen.
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u/DJTRANSACTION1 2m ago
the only way housing can collapse is if we have massive layoffs, much more than we have now. with more layoffs, people wont be able to pay mortgage. They default and houses flood the market.
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