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Considering that most folks' life savings is in their house I think your going to be hard pressed to find support for your argument amongst property owners. I d
by ryanmarsh 10y ago
Considering that most folks' life savings is in their house I think your going to be hard pressed to find support for your argument amongst property owners. I doubt anyone who has invested there wants to think about Silicon Valley ceasing to be Silicon Valley.
- ch4s3 10y agoI don't disagree. The fact that retirement savings are intertwined with one's housing is an issue that is key to this problem, and there don't seem to be any solutions that aren't bad for someone. However, if nothing happens, prices will eventually reach a point that will reduce demand drastically down. Then what happens to people home values and savings?