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The problem is that the point at which housing market will be such a dumpster fire will be a post-(economically)-apocalyptic for the U.S. -- and inadvertently t
by eftychis 4y ago
The problem is that the point at which housing market will be such a dumpster fire will be a post-(economically)-apocalyptic for the U.S. -- and inadvertently the rest of the world. Don't forget what happened in 2007, and you are not even close to what can happen -- from a back in the envelope here of course.
Housing might be the topic that dooms U.S. may way way down the road. But the GDP damage and opportunity cost lost annually is substantial.
There should be a form of buy in from the government at some point -- kind of keep your house and get tax credit and we are moving on.
Or we reach the point of a literal revolution on the topic, where people ask for houses instead of bread.