/biz/ - Business & Finance

Can someone please fucking explain to me what the long-term plan is for realty in terms of societal stability? I've never understood it, even when I was a kid, I heard my parents say "home prices always go up", and I remember in my kid brain going, wait, how? Forever? How is this system not destined to cause massive societal problems? People buy houses for 500k now, and they do this because they expect it to go up to 800k by the time they sell it, or something like and then those people that buy it expect it to go up more, don't they? Or what's the point? Just fear of homelessness and starvation?

Whats everyones thoughts on the real estate market? Is it bound to crash March-April after the moratorium? Need some insight into the market as I want to invest in my first rental soon, thanks in advance.