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Not going to happen (unless we enter an extremely disintigrative/politically unstable phase where you don't want to live here because there's too much violence.
by usrn 4y ago
Not going to happen (unless we enter an extremely disintigrative/politically unstable phase where you don't want to live here because there's too much violence.) We're bringing in/birthing more people than we're building houses for and the cost of labor to build new ones is going up.
- vecinu 4y ago> (unless we enter an extremely disintigrative/politically unstable phase where you don't want to live here because there's too much violence.) This is always thrown out as a rule but it's definitely not the only possible outcome. Housing can still massively drop without civil unrest but with hard times due to unemployment. 100 years ago the US was still desirable.
- cudgy 4y agoPopulation is stabilizing and decreasing in US and many other developed countries. Large populations of older people like Boomers in the US are dying. Whose going to buy all these new, smaller, more expensive homes when there are plenty of existing homes at reduced prices in the market? Long term trends are unfavorable for growth in housing.
- usrn 4y agoMaybe long term trends are but short term there's so much inflation the mortgages aren't a big deal. There's no sign of immigration being slowed down either so I'm not even sure the population will stabilize without something serious happening.