[early_exit]

As a young Have Not, I'm just waiting this one out. I see 1 of 2 options in the future:

1. Prices go down because nobody can buy the homes at their current prices given current interest rates

2. Prices stay up because large buyers scoop up the homes. Over time, fewer and fewer Americans actually own homes. Eventually the majority of voters will be Have Nots and the scales of power will tip.

[HDThoreaun]

It's not mega investors who are buying most homes. Most homes are just going to people that saved a fuckload of money over the pandemic or people that already have a home and can use its equity to get another one. The economy is doing very well, I don't think there will be any shortage of people who want homes, even at current interest rates and prices.

[bigtex88]

History says that #2 is where we are heading. That was Piketty's main thesis in Capital in the 21st Century. The era of relatively inequality we saw after WW2 was an aberattion. We are returning to the historical norm of high-inequality.

Still remains to be seen how much closer we have to get to feudalism before anything happens to change our trajectory.