I don’t think prices will drop, period. The moment they do, a company will buy up all it can and prevent the average citizen from owning anything, just as you said.
As far as income is concerned, there’s no way in hell it will drop proportionally in a real estate crash, just like wages didn’t rise proportionally with a bubble.
I don’t know if you’re being intentionally obtuse about this? In case you’re asking in good faith, I say recession because I don’t think it’s mutually exclusive from the housing bubble popping. I think if one happens the other will follow. But that’s just me.
I don’t think prices will drop, period. The moment they do, a company will buy up all it can and prevent the average citizen from owning anything, just as you said.
Why do you keep saying recession?
I don’t think prices will drop, period. The moment they do, a company will buy up all it can and prevent the average citizen from owning anything, just as you said.
As far as income is concerned, there’s no way in hell it will drop proportionally in a real estate crash, just like wages didn’t rise proportionally with a bubble.
I don’t know if you’re being intentionally obtuse about this? In case you’re asking in good faith, I say recession because I don’t think it’s mutually exclusive from the housing bubble popping. I think if one happens the other will follow. But that’s just me.
Ok then.