2 ms·
Couple of things: 1. the vacation home market is much smaller than the housing market in general. so supply and demand would kick long before the total housing
by sharemywin 5y ago
Couple of things:
1. the vacation home market is much smaller than the housing market in general. so supply and demand would kick long before the total housing supply is effected. I think.
2. rents can't really go up much, if income doesn't go up. not sure how profits would go up in that situation. could a 10 year bubble happen sure just not sure it would go on for 50 years. Not sure the rich would want to collect middle class houses. so it would have to be based on a profitable market.
3. people probably will just get pushed out of the city.
4. The US housing market is 33T if it were to go up 30x that would put it at about 1 quadrillion. I'm not sure any monopolist can capture that market.