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?
The cost of borrowing is far higher than it was before the 2008 crash, and subprime adjustable rate mortgages have largely been regulated out of existence since then. So while there will be some kind of crisis, it will look different than 2008.