It blows my mind to hear people say there is a housing shortage.
That is factually not true. In fact we have a surplus.
The only reason housing is inflated is because of money printing that got funneled into assets like homes.
The bubble will pop.
#News
#Nostr
Not sure about the pop - after all, real estate "popped" in 2008 but the housing shortage came roaring back. But totally agree that "housing shortage" is ridiculous. Many properties are owned but empty, like vacation homes and now AirBnB et al. We could house half the country just in Texas and California, but the prices are far from affordable for anyone near the median income in the USA.
