this post was submitted on 09 Jul 2023
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[–] Quentinp@lemmy.ca 5 points 1 year ago (2 children)

If you somehow have money saved for property, keep digging in until 2025 or 2026, then there will be a reckoning as a wave of unaffordable mortgages sweeps the landscape and people start dumping houses.

[–] EhForumUser@lemmy.ca 7 points 1 year ago (1 children)

More like a wave of government bailouts to keep the party going.

[–] Quentinp@lemmy.ca 6 points 1 year ago

Yeah or investors ready with investment $$$ to suck up all the foreclosed houses and rent them back.

People said that in 2002, and 2010 and 2017 and yet the house prices keep going up and up.