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I'm not sure it will correct as much as you think. The high prices are mostly driven by regional wealth inequality leading to the only good jobs being in a hand
by TheAdamAndChe 10y ago
I'm not sure it will correct as much as you think. The high prices are mostly driven by regional wealth inequality leading to the only good jobs being in a handful of cities. That job concentration massively increases housing costs in those areas. SV is a great example of this.
- Spooky23 10y agoI didn't say anything about timeframe... but those kinds of conditions don't last forever. Structural inequality is dangerous. All it takes is a little insurrection and the "faith and credit" gets depleted. Hopefully we improve the stage of things.