U.S. President Donald Trump has threatened to impose far larger tariffs on the European Union and Canada if they work together to combat trade tariffs.
    • werefreeatlast@lemmy.worldEnglish
      5·
      11 days ago

      I really don’t think that’s how it works. Like no one has ever sold their house below market to such an extent that one would run to buy it. That makes no sense. If you lose your house, it goes to the bank.

      • orcrist@lemm.eeEnglish
        5·
        10 days ago

        Think about what you’re saying. The market value fluctuates over time. Right now US housing is artificially inflated because of monopolies and rampant real estate speculation. When it tanks, it could tank hard and fast, and it might never get back to current levels. Nobody knows. And that is the time when tens of millions of Americans would love to buy homes.

      • pinheadednightmare@lemm.eeEnglish
        3·
        10 days ago

        I can see you weren’t around when the fallout of 08 happened. Read some articles about the 08 crash. With all of these people losing their jobs, you don’t think there will be ramifications to that? The job market is complete shit right now, more people looking than jobs available. The dominoes have been tipped and are starting to fall. The sooner you realize that the better you will be on the recovery. There’s a bad moon rising and trouble is on the way.