At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.

Honesty is saying that home prices have to fall. But this is progress.

The Generation Squeeze folks have recommendations.

  • Kichae@kbin.social
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    1 year ago

    The market crashed last year

    The market: Still significantly above the pre-2020 trend.

    • Rocket@lemmy.ca
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      1 year ago

      Because we’re still riding the tail end of the dead cat bounce. That’s what a crash looks like. It is amazing how textbook perfect it is playing out to be.

      • sbv@sh.itjust.worksOP
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        1 year ago

        Until we see a significant drop in prices, the market hasn’t crashed. Maybe it’s the dead cat bounce, or maybe prices are stable.