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?
Not until people quit buying them. And it’s not sarcasm or trolling or whatever. There are tons of cheap housing, but it’s in places people don’t WANT to live. Until people start wanting cheap housing more than a certain location/ job, prices won’t come down.
It’s not even the “location,” it’s the people that come with the location. If I could live in a rural area ANYWHERE in the US without having to look at Confederate flags or deal with out and proud bigots, it would be amazing. But that’s not the country we’ve let happen.