Considering how crazy expensive accommodations have become the last couple of years, concentrated in the hands of greedy corporations, landlords and how little politicians seem to care about this problem, do you think we will ever experience a real estate market crash that would bring those exorbitant prices back to Earth?
Eventually we are going to realize that not everyone is going to be able to have a big yard and a big house with 3 cars each. Something has to give and I think it is going to be zoning laws. So while people might be able to afford “housing” again at some point in the next 50 years it is going to be more like a shack than a house.