Quote:
Originally Posted by Slava
There's zero percent chance anyone is doing anything, and it's not jus baby boomers. If you're 40 and just bought a house, how on board are you with a ~30% decline in value? Probably not at all.
No one is seriously happy to see their $500k home now valued at $350k so that other people can now afford houses better.
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That's an interesting sleight of hand. How about we just let home prices stagnate for a while? Or maybe increase at a very small rate? Why do home prices either have to stagnate by $150,000 or go up by that same amount?