• themeatbridge@lemmy.world
    link
    fedilink
    arrow-up
    17
    ·
    9 months ago

    The immediate divestitures will tank home values, which will suck for boomers hoping their home will be their retirement account, but it will be a boon for new homebuyers everywhere. Rents will come down to earth, home values will realign with reality, and interest rates can do whatever they need to do to correct the decades of absurdly cheap money.

    • GoofSchmoofer@lemmy.world
      link
      fedilink
      arrow-up
      11
      ·
      9 months ago

      It would really hurt the older home owners but if we also had a well funded social security safety net then maybe older home owning Americans wouldn’t be so desperate to keep housing prices high.

      You know use the tax money to help others that aren’t billionaires