I don’t know who is downvoting you because you are completely right.
At the same time, I am delighted at the idea of a bunch of speculators being stressed out and losing a ton of the money they obtained while making housing unaffordable for everybody else.
Housing can be affordable or it can be a good investment. It can’t be both, and it is time it starts being the former.
Yes, things are tough now. Climate change is a very serious challenge ahead. I vote Green, ride a bike, etc.
All that being said, I’m probably older than most of you. I grew up during the cold war, when we sincerely believed we were at the brink of nuclear annihilation.
It didn’t happen.
I will spare you the countless doomsday headlines I’ve read in the news over the years. The hole in the ozone layer, the wars, the genocides, the natural disasters, the political churn.
The details don’t matter. We were truly terrified of the future, just like you are. Yet, the immense majority of the fears we had did not materialize, either because we took action to prevent them or because they had been overblown. We also faced some challenges that the news didn’t warn us about.
We prevail, like we have always done. People are much more resilient than they imagine. You can handle it and so can your children, and your children’s children. Living in fear doesn’t solve the problem, so why do it?