Reply to Should current homeowners wish for home values to decline?

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Reply to "Should current homeowners wish for home values to decline?"

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[quote=Anonymous][quote=Anonymous]It seems weird to expect people who own an asset to hope the value will go down so that someone else can afford to buy it.  If housing values drop, some people will be underwater, lose all equity and may be forced to sell. This would benefit you nicely but that other family just lost their home.

It’s similar to the whining as to why boomers aren’t updating their homes AND pricing them as if they aren’t updated, so new buyers get a better deal and hassle free move in ready with HGTV design.

The housing crisis is about basic high density housing and fast, reliable public transit not being available leading people into homelessness or sitting in their car 3-4 hours a day commuting. The housing crisis is NOT you not being able to afford a nice SFH near walkable restaurants, great school district and short commute.[/quote]

There is no “housing crisis” in the vast majority of areas in the US. This is largely a propaganda campaign by developers to justify eliminating local control over zoning.[/quote]

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