A friend of mine parlayed the Plandemic into relocating from his job in downtown Seattle into remotely working from a half million dollar home he purchased near the mouth of the Columbia River. He thought the prices were far more "reasonable" out of the city, but of course it's all relative - he's got some "ifs" in the calculation like my nephew.
I sold my house almost three years ago and have moved four times while renting. I thought there was a decent chance of a housing crash when I sold, but while history rhymes - this time may be a bit different. There's been lots of .gov support for the real estate and stock market bubbles, and I'm a bit cynical of Blackrock and other inside "investors" posting big losses if the market crashes. This economic downturn involves not just a deflationary credit collapse, but of course runs into resource scarcity while population numbers (even with Covid) have increased demand pressure.
A "reset" is coming - just not sure about the specifics.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
branchandroot
(no subject)
Date: 2024-05-20 12:29 am (UTC)I sold my house almost three years ago and have moved four times while renting. I thought there was a decent chance of a housing crash when I sold, but while history rhymes - this time may be a bit different. There's been lots of .gov support for the real estate and stock market bubbles, and I'm a bit cynical of Blackrock and other inside "investors" posting big losses if the market crashes. This economic downturn involves not just a deflationary credit collapse, but of course runs into resource scarcity while population numbers (even with Covid) have increased demand pressure.
A "reset" is coming - just not sure about the specifics.