this post was submitted on 21 Aug 2023
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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?

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[–] banana_meccanica@feddit.it 1 points 1 year ago

No in this capitalism situation there is no more chance with the actually prices to own an house.

[–] geolaw@lemmygrad.ml 1 points 1 year ago (1 children)

Will we ever experience a majority Greens government in our lifetime?

[–] Iron_Lynx@lemmy.world 1 points 1 year ago (1 children)

Depends where you are. Northwest European countries? Maybe. United States? Not without a major uprising.

[–] Iron_Lynx@lemmy.world 1 points 1 year ago

Will the states see a major uprising? As long as the GOP keeps trying to copy Mein Kampf for their manifesto and the DNC stays further right than the UK's Tories, the odds will keep rising.

[–] moosetwin@lemmy.dbzer0.com 1 points 1 year ago

this is lemmy what do you think they will answer

Yes. Once we have coordinating unions and global strikes, we make the rules.

[–] planish@sh.itjust.works 1 points 1 year ago (2 children)

I think it is achievable. But someone has to start doing the economic planning to make it happen in each local area.

One approach is to take political control of each city and resolve the problem by applying sufficient government. Either you make enough housing for the people who are there, or you seize enough stuff for the project that people start leaving. But that can be hard to muster the political will to do.

Alternatively, "housing" per se is not unaffordable: at whatever reasonable fraction of a normal wage, there is somewhere on Earth that you could pay to live. Plenty of empty space in small towns scattered across the US, for example. The problem is that you can't actually live there, because you also need to have a job to pay for the housing, which isn't where the housing/empty land is. Also many of these places are so under-served by municipal services as to be practically uninhabitable: you can afford an RV and you can afford an acre of desert with no electric, water, or sewer service, but you cannot combine the two to create acceptable housing.

If the people who control the cities where the work and services are are unwilling to accommodate residents, then work and services need to be organized in places not under the control of these malicious actors. Ideally with new mechanisms in place to prevent the same failure modes from reoccurring.

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[–] LibertyLizard@slrpnk.net 1 points 1 year ago

Not in time for people looking to buy soon. I think eventually it may happen but it might take decades.

[–] xNIBx@kbin.social 0 points 1 year ago

Do you guys not have ~~phones~~ parents? You will get a house when they die. If you have siblings, you can always murder them. If your parents dont have a house, then you are fucked.

[–] MystikIncarnate@lemmy.ca 0 points 1 year ago

Unless there's a massive crash or a bubble pops, leading to a significant recession (unlike what we're currently in... Far more severe, and probably more severe than ever before).... No.

It may come down, and kind of ebb and flow a bit, but "affordable" isn't going to be a word used to describe where prices go from here.

Also, we definitely are in a time of great inflation, which is causing recession-like things to happen. If there's a recession at all right now, it's being manufactured by artificially inflated prices by greedy companies, more than anything else. This would be a good thing if "trickle down" economics existed (it doesn't).... So instead, everyone at the bottom is slowly dying while billionaire bank accounts gain a few more percentage points. When the system snaps from the massive disparagy between the ultra rich and the poor, if the system doesn't entirely collapse at that point, then we'll be in yet another unprecedented, once-in-a lifetime event, like we've never seen before. All of the millennial generation will groan and roll their eyes about it happening yet again.

Millennials, and by proxy gen z, have been so completely fucked by all the ultra rare events that have happened over the past two decades... A housing crash, a pandemic, a recession or two, now out of control inflation and insane race wars heating up. I feel like the entire generation is so burned out from it all that if aliens showed up tomorrow, it would barely be a footnote in most people's daily lives. Honestly, anything an alien race did, like taking over the world, would probably be an improvement. Even death at this point, seems more appealing than a lifetime of indentured servitude in an unfair system designed from the ground up to force the "poor" into positions they don't want, doing things they don't enjoy, just to make enough to live. That's not enough to make most of the generation suicidal, but I don't think many people would give a shit either way at this point. Moreso if you don't have dependents.

[–] Digital_man@lemmy.one 0 points 1 year ago
[–] JasSmith@kbin.social 0 points 1 year ago (1 children)

In a democracy, it usually requires a majority of people to feel the same. Right now, in almost every Western country, most people live in owner-occupied housing. Most people are perfectly happy for prices to keep going up. So they’re fine with high migration and slow building. Slowly, the number of owner-occupied homes is decreasing, but we are decades away from the flip. When it happens, it’s going to be extremely destructive. Generations have and will have been locked out of home ownership. There will be all kinds of punitive taxes on property.

[–] filister@lemmy.world 0 points 1 year ago

Check Germany. It is getting ridiculously expensive and the majority of the people cannot afford getting a mortgage. In Munich the average sq.m. is between 8 and 15K while the average salary is 3K and the rent for 70sq.m. flat is 1.500€.

[–] DONTBANTHISACCOUNT@kbin.social 0 points 1 year ago (1 children)

We bought the house next door 🚪 because we knew by the time our kids get to be adults they prolly won't be able to afford it. My kids are 6 n 10 ATM. We air BNB out the property n do everything our selves. Ik ppl that are land lords as well n they did it for their retirement. Quit hating on small "mom n pop " landlords. It's investors that buy out n flip or buy out several houses out at once n got management companies you should be hating on. Not all landlords suck or are greedy k**ts IMHO.

[–] filister@lemmy.world 1 points 1 year ago

Sorry to disappoint you, but you are also part of the problem. Some food for thoughts: https://www.archdaily.com/993666/is-airbnb-contributing-to-the-housing-crisis

[–] orcrist@lemm.ee 0 points 1 year ago

Yes but it depends what country you are in. Many countries are not controlled by greedy landlords.

[–] Aliendelarge@lemmy.world 0 points 1 year ago (1 children)
[–] chaorace@lemmy.sdf.org 1 points 1 year ago (3 children)

grimly points in the direction of Ohio

I'd rather be homeless ty

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[–] FluffyPotato@lemm.ee -1 points 1 year ago

There are still countries with affordable housing like here I bought an apartment for 90 000 euros a few years ago. I was renting it before for 450 euros. It's in the capital next to a park.

As for the places where people can't afford a home: I think climate change will take care of that. Once we get events where death without a home is guaranteed the math will change and people will just break into and squat in the empty homes. Once that becomes popular enough something has to change or a whole lot of people will die when evicted, I don't think any country can handle that PR disaster.

[–] DONTBANTHISACCOUNT@kbin.social -1 points 1 year ago* (last edited 1 year ago)

I like the discussion here n all... But , quit hating on single house land lords 😭 Some did it to have a retirement. N remember during the COVID crisis, landlords didn't get bailed out, fuckin fat ass companies/ corporations/ banksters n all get bailed out .

Wanna be mad at someone / something... Look what Boeing did , look at what George W. Bush n his administration did. ( Ik it's irrelevant but I am just saying , there are bigger fish to fry)

But quit hating on small mom n pop landlords. The investors that keep buying out homes all the time to flip n or rent out or what not ; ye those ppl suck. The fact that in USA You can buy land and property without being even a US citizen sucks ; you can thank Gov for that. But don't be mad at little old landlords. Some work hard only to get murdered by their tenants when eviction day comes.

Sorry 😟😐 for the rant

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