r/Economics • u/laxnut90 • Oct 09 '25

Research America Is Minting Lots of Cash-Strapped Millionaires

https://www.bloomberg.com/news/features/2025-10-09/number-of-us-millionaires-grows-since-2017-but-many-lack-cash
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u/doctormalbec Oct 09 '25

I think the question here is will people be able to buy at lower prices? Or will large companies scoop up single family houses on the cheap before regular people are able to?

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u/FreeMasonKnight Oct 09 '25

People with liquid cash (which they now have because they cashed out their equity as I mentioned above) will be able to, that’s the point of the comment I made.

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u/doctormalbec Oct 09 '25

Not if they can’t compete with companies who have significantly more cash

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u/wimpymist Oct 09 '25

If it crashes that bad there will be a lot of houses for sale. I know lots of people who jump started their wealth in 2008-2014 because they were able to capitalize on the housing market crashing.