A Boring Dystopia

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Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward (finance.yahoo.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 36 points 2 years ago (1 children)

I don't think it will burst. It'll just slowly deflate as new houses come onto the market and demand eases. The main problem (at least where I live) is that there just aren't enough houses being built. I don't think we'll see a sharp price drop anytime soon because there are so many people waiting to buy.

[–] [email protected] 6 points 2 years ago

You may be right. I saw an article about a year ago that said the only way they saw out of the housing crisis was to build like crazy. And that makes sense but if the economy takes a nosedive then the buying may stop which could cause a crash. No one can predict the future, but markets do fall apart sometimes.