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That means there is not enough. Housing can't be affordable if a small set of organizations can have it all.
by throwaway1105q 2y ago
That means there is not enough. Housing can't be affordable if a small set of organizations can have it all.
- kylebenzle 2y agoIts just that never before has there been an investment firm large enough to take a big enough share of the largest market in the world, the US housing market.
- throwaway1105q 2y agoThey didn't take a large share of US housing, they took a large share of available housing. Several orders of magnitude difference.
- jkolio 2y agoIf housing prices drop and a crisis ensues, government/central banks lower interest rates and provide stimulus in the form of grants/loans/monetary expansion to prop them up. It becomes clear that the only way to make housing affordable is for authorities to have the political courage to let a crash happen.
- ElectricBoogie 2y ago[flagged]