Fuck Cars
A place to discuss problems of car centric infrastructure or how it hurts us all. Let's explore the bad world of Cars!
Rules
1. Be Civil
You may not agree on ideas, but please do not be needlessly rude or insulting to other people in this community.
2. No hate speech
Don't discriminate or disparage people on the basis of sex, gender, race, ethnicity, nationality, religion, or sexuality.
3. Don't harass people
Don't follow people you disagree with into multiple threads or into PMs to insult, disparage, or otherwise attack them. And certainly don't doxx any non-public figures.
4. Stay on topic
This community is about cars, their externalities in society, car-dependency, and solutions to these.
5. No reposts
Do not repost content that has already been posted in this community.
Moderator discretion will be used to judge reports with regard to the above rules.
Posting Guidelines
In the absence of a flair system on lemmy yet, let’s try to make it easier to scan through posts by type in here by using tags:
- [meta] for discussions/suggestions about this community itself
- [article] for news articles
- [blog] for any blog-style content
- [video] for video resources
- [academic] for academic studies and sources
- [discussion] for text post questions, rants, and/or discussions
- [meme] for memes
- [image] for any non-meme images
- [misc] for anything that doesn’t fall cleanly into any of the other categories
Recommended communities:
view the rest of the comments
It’s about time. Houses next, please.
If the housing market crashes, unfortunately, it won't be good for anyone good. Last time it crashed in 2008 it led to a historic high loss of, I want to say, 20%, which is a ton, but if you couldn't afford a down payment before, that kind of drop won't change that, plus, last time, lenders to individuals were reticent to lend because of the ensuing economic downturn. In the end, it just meant that private equity and other investors bought up a shitload more of the housing market and it became even more consolidated.
It isn't as optimistic as that. If I understood it right, it's just a couple used car private equities that did some shady banking in order to not have to use their own money to pay for the cars they were selling, then going bankrupt because the customers couldn't keep up with the over inflated monthly payments.
So the only people that were screwed were the customers. The "companies" that declared bankruptcy were likely just shells playing with other people's money. Used car prices are unaffected.
They're already doing that around here. A new build housing estate that's barely been up three months already has homes for sale for about £50k more than they were new.