Re:How Zillow's homebuying scheme lost $881M
by HWR_14 on Sunday March 20, 2022 @04:46AM
(#30741140)
A bunch of Chinese and Indian people increasing their standard of living to middle class doesn't suddenly mean American middle class people (whose asset percentage has been shrinking) can afford US houses.
Global middle class is meaningless in this discussion
The truth is that there is much much much more money in the middle class globally (almost 3x that of 2000) and on top of that the normal inflation, and freezing of supply.
As long as “desirable location” stay the same, and the amount of people affording it growing so significantly. The expectation of being able to afford one is a strange one.
See https://www.nasdaq.com/articles/world-reimagined%3A-the-rise...