this post was submitted on 02 Oct 2023
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So the 2008 economic crisis never happened? Where I live (Europe) houses are actually going down in value right now too.
Going down fractionally, after having grown an incredible amount in the last 3 years. Please don't swallow this obvious bullshit. Prices are high, prohibitively high, and are going to stay that way until everyone bar a few is forced to rent.
https://www.whitehouse.gov/wp-content/uploads/2021/09/figure-1.jpg
It's not so simple..
Like if you had bought a house in 2005 you'd have been stuck in it for a long time unless you are willing to take a loss. Offcouse in the long term prices are going up, that's inevitable with inflation and our current system.