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Real Estate
Reply to "Should current homeowners wish for home values to decline?"
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[quote=Anonymous]Wait, you think current homeowners should want their assets to be worth less? Look from a societal benefit perspective, yes I believe in housing affordability. But the reality is that doing that in a healthy sustainable way takes time and effort. It isn't achieved by a quick housing crash. As we've seen from 2008, crashing the housing market just causes financial chaos and the ultimate result is large corporations swoop in and purchase rhe forceclosed real estate, transferring long term wealth further away from the middle class.[/quote]
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