2 ms·
I don't personally own any "real" estate, but this is scary to me.
by jMyles 11y ago
I don't personally own any "real" estate, but this is scary to me.
- hoodoof 11y agoIf you don't own it now, you won't in the future. Floods of foreign cash will push prices out of the range of anyone who currently doesn't own.
- ethagknight 11y ago...assuming current trends last forever. Real estate is cyclical and latecomers to such fads usually take it on the chin. Alternate outcome: If you don't own any real estate now, wait for the next crash and scoop something up at liquidation pricing.
- hoodoof 11y agoSo if you want to buy a house, then make a careful plan to wait for the next economic crash and that's when you can buy a house! Solid plan.
- jMyles 11y agoI don't mean to sound naive - this is an area where my political sensibilities seem to be forever in development - but what's wrong with that?
- deleted 11y ago[deleted]
- peteretep 11y agoIf you did own some, this would make you happy, as your investment would go up in value
- hoodoof 11y agoYep, it's easy to work out who is "for" selling real estate overseas and who is "against". If you own, you make big cash - you're for it - sell it all! If you don't own - you're against it - you'll never own a house. Great way to fuck the basic happiness of a society. And for what? Money.
- toephu2 11y agonewsflash: money makes the world go round.
- buzzdenver 11y agoNot necessarily. Remember how cheap renting was right after the housing bubble burst ? All those speculative home/condo buyers wanted to rent their places out to avoid having to declare bankruptcy.