Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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Home builders now have 102,000 completed, unsold homes sitting on their builder lots. This is the highest level since 2009 (lemmy.world)

submitted 6 months ago by [email protected] to c/[email protected]

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[–] Mnemnosyne 14 points 6 months ago

That means prices are coming way down, right? I mean, we've been told that's how it works in capitalism, right? High supply means prices go down, so we'll be having bargain sale prices for homes pretty soon!

Surely capitalism wouldn't lie to us...right?

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