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A comment on Americans need to be richer than ever to buy their first home. Parent comment

Re:Americans need to be richer than ever to buy their first ... by xwdv on Saturday March 04, 2023 @12:11PM (#35022430)
Why would they willing cause a housing crisis? All that will do is flood the market with cheap inventory that will be quickly snapped up by everyone waiting on the sidelines for the next 2008 so they can get rich in the next boom cycle of real estate investing. Then prices will start rising and BlackRock will find itself trying to buy back inventory again or get left out.

If houses get very cheap again I know for sure I’ll snatch up a property or two.

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Re:Americans need to be richer than ever to buy their first ... by SinjonSuarez on Saturday March 04, 2023 @12:17PM (#35022495)
It’s almost as if the incentive structures were meant to make the rich richer and the poor poorer.

If houses get cheap I know for sure I still won’t be able to afford even 1

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Re:Americans need to be richer than ever to buy their first ... by xwdv on Saturday March 04, 2023 @12:45PM (#35022761)
Some people are so trapped in poverty mentalities that they can’t even imagine buying a house when it’s cheap, they’ll just imagine they’ll be even poorer.
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