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re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 1:22 pm to CatfishJohn
Posted on 4/29/24 at 1:22 pm to CatfishJohn
The market and the people will always rectify a situation more quickly and efficiently, with less collateral damage, than the government.
It will work itself out, people have just become conditioned to think that they should be able to have access to whatever they want whenever they want it. We've had massive population shifts over the past 5-10 years and things just need to catch up with the moves. There are lots of places where homes aren't super overpriced.
It will work itself out, people have just become conditioned to think that they should be able to have access to whatever they want whenever they want it. We've had massive population shifts over the past 5-10 years and things just need to catch up with the moves. There are lots of places where homes aren't super overpriced.
Posted on 4/29/24 at 1:30 pm to Chucktown_Badger
quote:
The market and the people will always rectify a situation more quickly and efficiently, with less collateral damage, than the government.
Government certainly hoses things, but I simply don’t believe in the God of the Self-Correcting Market anymore. The housing crash of ‘08 should have taught you that.
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