4 ms·
The fact that prices go up means somebody can still afford to pay it. I live in a small, peaceful, free and rich enclave in Europe. People will keep immigrating
by Yeul 3y ago
The fact that prices go up means somebody can still afford to pay it. I live in a small, peaceful, free and rich enclave in Europe. People will keep immigrating here.
Also the massive increase of "one-person households" doesn't help the housing stock.
The last time housing prices tanked was in the 1980s and it coincided with a deep recession and high unemployment. So be careful what you wish for.
- Our_Benefactors 3y agoWhat about 2008? Was it worse in the 80s?
- dragonwriter 3y ago[deleted -- too quick interjection with US analysis where not applicable]
- randomdata 3y agoHow did you determine which European enclave he lives in in order to know that its housing market tanked in 2007?
- happyraul 3y agoI'm not sure the fact that somebody can afford to pay it is a good argument. Do we really want more landlords/more concentration of wealth and power in fewer hands?