by LAO ➕follow (0) 💰tip ignore
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Things seem to be working quite well for them. The fed are fine, the hungry get food stamps. What could possibly go wrong?
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I've read some predictions that we wont reach 2006 bubble prices again in Los Angeles until 2024... Others are less optimistic and see prices heading back to mid-1990s prices and staying there until 2025. Which would mean we would have 30 years of ZERO housing appreciation from 1995-2025.
What types of effect on our society would 30 years of zero housing appreciation have? We just had a decade of zero stock market gains and are very close to a decade of zero gains in the housing market. What new policies, changes in tax system, green energy industrial revolution can jumpstart the economy... ?
#housing