Sunday, August 25, 2024

The U.S. is in a massive housing bubble

Article Title: The Housing Market Is a Bubble Full of Fraud, and It’s Going To Pop
Snippet of Article: "...Prices are artificially high due primarily to the downstream effects of financialization. Localized supply and demand dynamics — which today are also downstream of financialization — are a mess. Decades of housing subsidies, down payment assistance, artificially low interest rates, money printing and endless bank support have turned the American home into a financial product first and a place of shelter second. The extent of the distortion is unprecedented, ..."


Source: www.strongtowns.org

[tag] Housing affordability crisis, housing bubble, [/tag]