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Everyone has been saving up waiting for the big crash to finally buy a home. Since this is a popular personal finance bet currently being made, it’s no surprise
by teeray 3y ago
Everyone has been saving up waiting for the big crash to finally buy a home. Since this is a popular personal finance bet currently being made, it’s no surprise that others are skating towards where the puck is going. Wall Street is eyeballing all these little war chests potential buyers have and deciding they would like to see those as rent payments forever instead. If your plan is total conquest, then it makes sense to overpay—the more hotels you put on the Monopoly board, the sooner you take all the other players’ money anyway. If institutions overpay, the big crash everyone expects doesn’t happen.
- RealityVoid 3y agoI feel this basically _guarantees_ a crash in the long term. Sure, they keep the puck going since it's a self-perpetuating feedback loop, untill it's not anymore and the prices have increased to unsustainable levels. And then the crash comes. Eventually, I expect it to happen. No, I did not bet on this though, I bought my apartment in 2021 since... You know, I needed a place to stay and felt at the moment the inflation was bound to hit hard.