this post was submitted on 23 Dec 2023
1061 points (91.7% liked)
Memes
45742 readers
1681 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
So if the housing market crashed like really bad, by say everybody owning multiple homes being suddenly unable to afford the loans for that many homes, what would happen?
The banks would have to repossess the properties. And sell them on the market, but with many homes to sell, the price would come down crashing.
One can dream.