4 ms·

I've been waiting for the real estate market to crash for 20 years... On the other, my savings are worth less and less.

by yodsanklai 4y ago

brink 4y ago
Don't worry, population collapse will fix this in another ~20-30 years. You'll get there.
- jvanderbot 4y ago
  Depending on where you live, population collapse is either a myth, meme, overblown but remote possibility, or absolute certainty. In most western nations, it's not going to be that big of a deal, I wager. In areas with net emigration, especially those that are not good at sharing true demographics with their leaders, it'll be devastating.
  - lotsofpulp 4y ago
    I would say population declines within certain tribes leading to changes in political power, and hence distribution of resources, is the central issue in many societies, especially those with very low birth rates. And the tribes are not necessarily delineated along skin color/region of origin/religion, but even age/education/immigration. You cannot plug and play 50M young people from Latin America into the US or Africa/Middle East/Eastern Europe into Europe, and expect society to not change in ways that the existing population might not like.
  - desiarnezjr 4y ago
    In the US and the Americas it won't have a severe impact. Most countries in America should hold up, and Canada has relatively high immigration levels, so there's that. Much of Europe and large parts of Asia (China! Japan. Korea.) will face jaw dropping population collapses, happening now and in the near future.
- jopsen 4y ago
  The US might just ease up on immigration. There is no shortage of people willing to start a new life in the wealthiest economy on the planet. The end of population growth is certainly going to shake things up -- but who is to say how policies won't change to accommodate the new reality.
  - brink 4y ago
    Yeah, my wife is an immigrant and the US government makes its best efforts to make immigration as nightmareish as possible. I'll be the first to say the immigration system is broken and needs to be fixed.
rendang 4y ago
In the US? Prices from 2011-2016 or so were not that bad, and were lower than 2006 in many cities.
- yodsanklai 4y ago
  Paris Steady growth since 1998 https://parispropertygroup.com/blog/2017/how-paris-real-estate-prices-evolved/ https://parispropertygroup.com/blog/2017/how-paris-real-esta...
  - rendang 4y ago
    Ah, not surprising, considering it's one of the most desirable places to live in, and you are competing with a growing global rich class to live there.
adam_arthur 4y ago
Well it crashed ~10 years ago, so there was your chance. But lucky for you there’ll be another opportunity soon

I've been waiting for the real estate market to crash for 20 years... On the other, my savings are worth less and less.

brink 4y ago

Don't worry, population collapse will fix this in another ~20-30 years. You'll get there.

jvanderbot 4y ago
Depending on where you live, population collapse is either a myth, meme, overblown but remote possibility, or absolute certainty. In most western nations, it's not going to be that big of a deal, I wager. In areas with net emigration, especially those that are not good at sharing true demographics with their leaders, it'll be devastating.
- lotsofpulp 4y ago
  I would say population declines within certain tribes leading to changes in political power, and hence distribution of resources, is the central issue in many societies, especially those with very low birth rates. And the tribes are not necessarily delineated along skin color/region of origin/religion, but even age/education/immigration. You cannot plug and play 50M young people from Latin America into the US or Africa/Middle East/Eastern Europe into Europe, and expect society to not change in ways that the existing population might not like.
- desiarnezjr 4y ago
  In the US and the Americas it won't have a severe impact. Most countries in America should hold up, and Canada has relatively high immigration levels, so there's that. Much of Europe and large parts of Asia (China! Japan. Korea.) will face jaw dropping population collapses, happening now and in the near future.
jopsen 4y ago
The US might just ease up on immigration. There is no shortage of people willing to start a new life in the wealthiest economy on the planet. The end of population growth is certainly going to shake things up -- but who is to say how policies won't change to accommodate the new reality.
- brink 4y ago
  Yeah, my wife is an immigrant and the US government makes its best efforts to make immigration as nightmareish as possible. I'll be the first to say the immigration system is broken and needs to be fixed.

rendang 4y ago

In the US? Prices from 2011-2016 or so were not that bad, and were lower than 2006 in many cities.

yodsanklai 4y ago
Paris Steady growth since 1998 https://parispropertygroup.com/blog/2017/how-paris-real-estate-prices-evolved/ https://parispropertygroup.com/blog/2017/how-paris-real-esta...
- rendang 4y ago
  Ah, not surprising, considering it's one of the most desirable places to live in, and you are competing with a growing global rich class to live there.

adam_arthur 4y ago

Well it crashed ~10 years ago, so there was your chance. But lucky for you there’ll be another opportunity soon