Considering how crazy expensive accommodations have become the last couple of years, concentrated in the hands of greedy corporations, landlords and how little politicians seem to care about this problem, do you think we will ever experience a real estate market crash that would bring those exorbitant prices back to Earth?
Yeah but the market is going to have to absolutely tank first. There’s a lot of money in that bubble, and it’s going to be fucking painful when it does. But it’ll get there.
When it tanks people would be laid off and have no money for houses. Basically 2007 all over again. The rich would swoop up all the cheap real estate.
And the cycle would repeat a-fucking-gain, with the poor wanting silly things like owning their own land or homes and decent living wages being blamed for the next burst bubble