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Also, seems like it will also be short-lived so long as food remains scarce. Last time we had food troubles (2007) we saw the housing market crash as investmen
by randomdata 4y ago
Also, seems like it will also be short-lived so long as food remains scarce.
Last time we had food troubles (2007) we saw the housing market crash as investment dollars started gambling on futures contracts, but it wasn't long before people started paying big bucks for the farmland around settlements to try and profit on the production side, making it more costly to build new housing, thereby impacting housing supply and soon bringing all housing back up in price. We're already starting to see insane farmland offers showing up.
Maybe this time, especially with increased WFH, we'll start to see more growth away from historical settlements built on prime farmland, but with the high cost of fuel and shipping in general that isn't going to be the easiest transition either.