Collapse

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This is the place for discussing the potential collapse of modern civilization and the environment.

Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.

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I think the housing market is about to burst again (lemmy.world)

submitted 6 days ago by errer@lemmy.world to c/collapse@lemm.ee

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Have noticed a ton more houses for sale in my city, about double of last year. Prices have declined and houses are staying on the market longer. I think people thought interest rates were finally going to go down but with the fed keeping them at their current levels there’s a lot of owners trying to get out of the market while it’s still relatively up. I suspect within another year the bubble is going to burst.

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[–] maketotaldestr0i@lemm.ee 1 points 3 days ago

I doubt there will be much of a crash in housing , if anything increased housing supply will just slowly normalize house prices and any drop in interest rates will bring huge wave of buyers to clear the inventory as pent up demand has people building down payments waiting for interest rates to drop. We are still wildly deficit in affordable housing supply

The lending standards for housing are still relatively tight , it's not like 2007.