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?
I mean we are seeing the results right now of decades of exponential growth. Take a house that costs $100,000 and increase prices from 3-10% per year every year for ten twenty forty years whatever and boom, same house now costs a million bucks. It’s not surprising to me at all. Idk how to fix it but it’s not surprising.
Decades? 2008 was only 15 years ago…