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Home prices have not fallen meaningfully since those measures were taken except at the very high end. At a certain point naysayers may have to admit they were
by ninth_ant 7y ago
Home prices have not fallen meaningfully since those measures were taken except at the very high end. At a certain point naysayers may have to admit they were wrong about the sky falling.
Increased density allowances continue to prop up lot values on single family homes, which allows homeowners to not be underwater but also increase housing supply when they are torn down and duplexes/condos are built in place.
Overall I feel like most people are happy with the outcome thus far.