Cheaper home prices could add as much as $1.5 trillion a year to US economy.
This may disregard some side effects (on consumption and banking), but this highlights how authorities painted themselves in a corner with housing.
The current trends lead nowhere.
https://www.nytimes.com/2017/02/10/upshot/popping-the-housing-bubbles-in-the-american-mind.html?ref=economy
Cheaper home prices could add as much as $1.5 trillion a year to US economy.
This may disregard some side effects (on consumption and banking), but this highlights how authorities painted themselves in a corner with housing.
The current trends lead nowhere.