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It's a bubble. Let the prices crash.
by AtlasBarfed 5y ago
It's a bubble. Let the prices crash.
- eloisant 5y agoThat's what I heard when I bought my house 10 years ago. The 2008 crisis was supposed to put an end to the ever rising housing prices. Now my house is worth nearly 2x what I bought it, I pay less in mortgage than I would in rent for an equivalent house. I imagine we'll have the same discussion again in 10 years.
- imtringued 5y agoThe underlying reason for the bubble isn't gone. If it crashes it will bounce back up. To be fair, China's real estate sector is dying slowly as we speak.