Quote:
Originally Posted by jmecklenborg
People don't seem to understand that the US built far too much housing for decades - that's how we ended up with large sections of cities in decline.
I fear that if the banks loosen up and start lending for spec SFH and condo construction again, it'll mostly be in the suburbs, and the resurgence that nearly all large and small US cities have experienced over the past 10 years will fade.
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Gotta love it when a homeowner and owner of investment properties tells renters that Corporate mass ownership of housing for overpriced rentals is a good thing!
2023 is wild.
I highly doubt Steely, chris08876, JManc, and many others would love to still be renting, like
millions of us in Ontario, Canada for whom home ownership is out of reach for the foreseeable future, and rents have
skyrocketed!
Want to build your own house? Can you afford an $800k-1M+ CAD mortgage? (Only a paltry $600k-750k USD)