@jeremyct Prices will come down, but probably not by more then 30%, and that would only be in the most speculative RE markets.
Elsewhere, prices will probably come down 15-20%, which, hey, I'll take it.
Real physical assets, homes, heavy machinery, gold, are the best inflation meter.
@matt503ea5sf9z5 Sometimes I want the same kind of software, without closed source, telemetry-ridden, bloatware and RAM-hungry.
Eventually people are just going to make their own facebook for their family so they don't have to deal with all the extra baggage.
@rob_mcrobberson It is convenient to have grok or whatever make me a useful random app for a specific task. But usually it's to iterate on something that already exists that's been totally enshit-ified.
@bsmoney1@TinyToothDDS@Investmentkage Those numbers are driven almost entirely by 1M+ home purchases, which is the home sale cohort least impacted by economic downturns.
Good luck in the nursing home, boomer.
@Matt98589226@operationdanish This shit about not finding workers is laughable because, somehow, firearms manufacturers, Origin, etc. are able to find workers.
The variable at work there, surprisingly, is "good pay".
@TinyToothDDS@Investmentkage Where have you been? The economic downturn has been here for the past 18 months.
Car repos/loan defaults are higher than GFC, credit card delinquencies higher than GFC, mortgage delinquencies are trending towards GFC-levels.
Hundreds of thousands of tech workers, laid off, etc
@bsmoney1@TinyToothDDS@Investmentkage "market" value is what the market will buy for it, not what you believe it to be in your imagination.
If no one is buying your home at a 20% premium, it's not worth that added 20%.