When climate change gets bad enough that the world goes mad max there will be plenty of houses to choose from. That's assuming the SHTF in your lifetime and you survive.
Aside from that, no.
this post was submitted on 21 Aug 2023
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Depends if the next pandemic kills 50% of the world's population.
It's all based on supply and demand. There is not enough housing for everyone to have one at a price they can afford. The price depends entirely on what the wealthiest buyers are prepared to pay, or rather what a bank is prepared to lend them. It is nothing to do with how much the land or bricks and mortar are worth.
The only way you'll get a price drop is if the amount of properties go up or the demand drops.
We've had long periods of <1% interest rates. We've normalised 40 year mortgages. We've invented "shared ownership" schemes and "help for first time buyers". None of this has bought the prices down. It's done the opposite and blown them into the stratosphere.
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(4 replies)
No in this capitalism situation there is no more chance with the actually prices to own an house.
Yes. Once we have coordinating unions and global strikes, we make the rules.