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Joined 1 year ago
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Cake day: February 16th, 2025

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  • You’re oversimplifying. Obviously if I want to buy a house I want the price to go down. What we are talking about here is that cheaper housing isn’t the only consequence of lower housing prices. And I’m not sure that comparing it to saying a higher tax bracket is in any way an adequate comparison given the tax brackets just don’t work that way at all. Like I wouldn’t even call that a half truth.

    I’m also not saying that nobody would benefit, what I’m trying to point out is that the net gain wouldn’t be the same as say legislation that actually increased the housing supply. If your end goal is to be able to own a house wishing for a housing market crash isn’t the best wish you can make. Private equity firms bought more houses after the 2008 crash than the people sitting on the sidelines.

    At the end of the day what you’re actually wishing for is one last housing crash otherwise you’re just hoping that it crashes again for other people after you buy your house and you’re stuck there.