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> “I can’t wait for house prices to fall so I can buy”. By the time housing is 20% off the peak, unemployment will be raging and those people will have lost a
by lamontcg 4y ago
> “I can’t wait for house prices to fall so I can buy”.
By the time housing is 20% off the peak, unemployment will be raging and those people will have lost a lot of their life savings in crypto and the stock market. Without jobs and saving they won't be stepping into the market to buy. Meanwhile forced selling by people who were overly leveraged will cause a supply glut.
- CapmCrackaWaka 4y agoI understand that some catastrophe or economic collapse could cause all of that, but I don’t think it’s a necessity for unemployment to skyrocket if house prices dip 20%. Also what makes you think any of this is connected to crypto?
- lamontcg 4y agoThe economy is all linked together in positive feedback loops.