3 ms·

Between the long-term shortfall in new construction, the number of mortgage holders with rock bottom rates, and the number of homes owned free and clear, I don'

Between the long-term shortfall in new construction, the number of mortgage holders with rock bottom rates, and the number of homes owned free and clear, I don't see a big fall in prices as we saw in 2008-2010 anytime soon. Unemployment would have to be horrifically bad to dislodge current mortgage holders in numbers that could cause house prices to fall like back then.

carlosjobim 3y ago
I'd agree with you if people lived forever.
- ZoomerCretin 3y ago
  The population is growing far faster than housing is being built. It's not a matter of waiting for people to die.
  - carlosjobim 3y ago
    That's not true anymore, most of the world has no population growth: https://data.worldbank.org/indicator/SP.DYN.TFRT.IN?view=map https://data.worldbank.org/indicator/SP.DYN.TFRT.IN?view=map
    - ZoomerCretin 3y ago
      We are on an article talking American homeownership. America is projected to continue growing through the rest of the century due to immigration.
      - carlosjobim 3y ago
        And these immigrants can afford the houses that native Americans can't afford?