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Besides NIMBYism, a drop in home equity will be extremely bad for the economy due to how much of debt is linked to mortgage debt, so I do not expect to see a dr
by wrong_variable 10y ago
Besides NIMBYism, a drop in home equity will be extremely bad for the economy due to how much of debt is linked to mortgage debt, so I do not expect to see a drop in price anytime soon.
- ThrustVectoring 10y agorent-extractors going bankrupt is a net-positive for the economy. There will be losers, sure, but we're better off overall if the Bay Area has three times as many people at the current levels of productivity/salary.