4 ms·

Wouldn't reducing home prices lead to a massive financial loss for people whose biggest asset is a home? Isn't that most Americans?

• cratermoon 3y ago
  It's not like we weren't warned, though. https://www.bloomberg.com/news/articles/2013-10-15/the-economist-who-just-won-a-nobel-prize-thinks-owning-a-home-is-a-terrible-investment https://www.bloomberg.com/news/articles/2013-10-15/the-econo...
  • rm_-rf_slash 3y ago
    Article is from 10 years ago. Difficult to claim houses are a bad investment when prices have skyrocketed in that time.
    • skyyler 3y ago
      Are current prices going to stay the way they are? Normal people can't afford homes right now.
      • rm_-rf_slash 3y ago
        Absent a population crash or economic catastrophe, people have to live somewhere and will pay to do so one way or another.
    • cratermoon 3y ago
      Funny you mention that. https://www.cnbc.com/video/2023/07/20/robert-shiller-says-rise-in-us-house-prices-may-be-coming-to-an-end.html https://www.cnbc.com/video/2023/07/20/robert-shiller-says-ri...