Yes.
Sadly. even a crash in prices of 50% won't do much to resolve the affordable housing crisis, Most of the price drops will come in Luxury Housing for the rich. Even if prices come down a little with the low end housing, there's still not enough of it because it hasn't been profitable to build it, and falling prices will not inspire capitalist builder to break ground on more of it. In addition, with recession coming, job losses will result in still MOAR people getting evicted or foreclosed on, leading to bigger homeless numbers.
Timing is important alsi here, since if it hits before the election, that mat affect the voting significantly. Not that it matters much who wins.
https://www.noradarealestate.com/blog/will-the-next-housing-crash-be-be-worse-than-2008/
Will the Next HOUSING CRASH Be WORSE Than 2008?
RE
Will the Next HOUSING CRASH Be WORSE Than 2008?
Started by RE Aug 03, 2024, 01:30 AM
Message path : / Society / The American economy / Real Estate REgurgitations #37
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