4 ms·
The thread is framing a chain reaction that would lead to a drop in housing prices as a bad thing. Meanwhile, most people in my social circle (early 30s, tech)
by malermeister 4y ago
The thread is framing a chain reaction that would lead to a drop in housing prices as a bad thing.
Meanwhile, most people in my social circle (early 30s, tech) are rooting for just that to happen.
Prices are out of control. And if us overpaid tech professionals feel like that, imagine what it must be like for blue collar workers, or the dude driving our Uber or cooking our food.
We may finally see a long-due correction. The most privileged of us might lose some of their privilege as a result, but that's not necessarily a bad thing.
- tekknik 4y agoI think those of us who haven’t bought a house are rooting for it (the entire housing market, I’ll never live in SF so I don’t particularly care what happens in that city) to fall, but then think of the many people who will now be upside down on mortgages and what happens when they decide to just let their credit take a hit instead of eating $1mil or more in lost value. The solution to make this a comfortable transition is to slowly drain businesses out of SF and spread them around to different cities and states. Ease into it instead of hoping to wake up to a bloodbath.