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The problem with housing costs going up, is that they need to be permanently higher or it will have a bubble burst like effect. Imagine if the state of Califor
by matt321 4y ago
The problem with housing costs going up, is that they need to be permanently higher or it will have a bubble burst like effect. Imagine if the state of California did something that cut the real-estate prices down 30%... Well now people who bought when real-estate was 10% lower than the original value are upside down and will panic sell.
- bombcar 4y agoThis is the quintessential government problem these days - try to deflate the housing bubble without causing a housing crash, but because of how it runs hotter each time even slowing down itself becomes the instigator of the crash.