4 ms·
2008 was low of the low for home values. In my view a few things have happened since: 1.hyperconsolidation in lenders 2. Real estate orgs have worked together
by omgJustTest 2y ago
2008 was low of the low for home values. In my view a few things have happened since:
1.hyperconsolidation in lenders
2. Real estate orgs have worked together to eliminate downward price pressures.
3. NIMBYs and generally “home ownership associations “ have created so many barriers to building & reaped the profits in their own home values.
Some good news is that most populations are slowing or declining on the globe, and that ought to be a substantial risk to mass ownership, but that will take 20years to manifest.
- AlexandrB 2y agoNow imagine all this, but 2008 was barely a blip and not a low for home values - that's Canada.
- jarsin 2y agoEvery time I hear someone predict the next housing crash I always ask them if they have looked at Canada and Australia. Seems to get more and more absurd but it keeps on trucking along.
- marcosdumay 2y agoI keep wondering who the hell buys the housing on my city. The time for selling is on the 2 digit months, but the price of any small apartment is out of the reach of 95% of the people that live here if they save for their entire life. Anything that isn't small is out of reach of more than 99%.
- WheatMillington 2y agoSame in New Zealand. The parallels between New Zealand and Canada in housing are truly tragic.