Thread: How can house prices be going up if everyone's losing their jobs?

pilots, restaurants, travel industry, retail are all done for

yet housing is 20% up

someone explain this to me

Originally Posted by SkiGains

pilots, restaurants, travel industry, retail are all done for

yet housing is 20% up

someone explain this to me

There are winners and losers

Rich people in cities who could no longer have their city lifestyle, moved out

it's rigged. the whole point of covid was to wipe out a large port of the middle class financially so that the elites (who got even richer) can buy up all the homes.

There is literally no reason they should be HIGHER than when the Economy was 'good' in 2019.

lower mortgage rates?

pick up a book u incel

Because they aren’t losing their jobs...

Think about it, who is losing their job during this? Low salary people or wagecucks at restaurants. Well, they don’t account for even a fraction of the people who are actually buying property lol.

The rent has gone down though... surprise surprise.

Originally Posted by exxtracool

Because they aren’t losing their jobs...

Think about it, who is losing their job during this? Low salary people or wagecucks at restaurants. Well, they don’t account for even a fraction of the people who are actually buying property lol.

The rent has gone down though... surprise surprise.

lots of white collar professionals lost jobs too. Plenty of people that worked at hospitals were laid off and furloughed because patient volume plummeted during March, April, May.

I've talked to a handful of managers and directors that lost jobs during this time. Most have got hired at other places now but to say that it was only customer service and retail jobs is very wrong.

Originally Posted by exxtracool

Because they aren’t losing their jobs...

Think about it, who is losing their job during this? Low salary people or wagecucks at restaurants. Well, they don’t account for even a fraction of the people who are actually buying property lol.

The rent has gone down though... surprise surprise.

yeah but those people work for bigger companies that are losing money. The managers/owners of those companies must be losing money

Originally Posted by LightskinSwag

cause construction ramped up.

coming from a tradie.

they say the chit dying but i’ve been busier than ever. cost of building houses hiked up 400%. better to buy houses rn srs

why? It'll be expensive to buy new ones later?

Originally Posted by lolatpaniccels

lots of white collar professionals lost jobs too. Plenty of people that worked at hospitals were laid off and furloughed because patient volume plummeted during March, April, May.

I've talked to a handful of managers and directors that lost jobs during this time. Most have got hired at other places now but to say that it was only customer service and retail works is very wrong.

just because you’re white collar doesn’t mean you can afford to buy a house. Plenty of officecels making 50k a year.

If you were upper management in a big city and you lost your job during this then there’s a very high likely hood that it had nothing to do with the lockdown lol...

Most of the reason why the lower salary or starting position people got laid off, from what I gather, is because this whole situation exposed how redundant 80% of them really are.

chinese capital buying them up rentcells

It’s simple inflation.


20% of currency were created out of thin air. Of course the only real asset will go up about 20%