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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
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31339 posts
Posted on 4/29/24 at 1:22 pm to
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.
Posted by DesScorp
Alabama
Member since Sep 2017
6615 posts
Posted on 4/29/24 at 1:30 pm to
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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