Honestly, that would be great news, and I hope you know many Americans would support deregulation of zoning laws for exactly this effect. A drop in housing prices is exactly what we need. People treating home ownership as an investment are the problem, home ownership should be more like owning a car: it’s an asset, not an investment.
Comment on Really, ….. it's my fault they built a terrible system?
chakan2@lemmy.world 10 months agoSure, but let’s say you build a section 8 settlement next to my house. I’m moving…immediately, and so are all the neighbors.
The entire market there plummets and you end up with Detroit.
So great, you solved the problem for a decade. Now what?
DiagnosedADHD@lemmy.world 10 months ago
cubedsteaks@lemmy.today 10 months ago
Sure, but let’s say you build a section 8 settlement next to my house. I’m moving…immediately, and so are all the neighbors.
loooool so you don’t know what’s going on in Portland, OR huh.
Wereduck@lemmy.blahaj.zone 10 months ago
I would love for the market to plummet where I’m at. Housing as an investment that outpaces wage is a primary problem here, if it crashed maybe half my income wouldn’t go to rent, and more and more people wouldn’t be pushed to the streets while people’s “investments” sit around empty, as they search for the perfect petless, 6 figure making tenant.