Re:The global housing market is broken, and it’s dividing en...
by cudgy on Monday July 25, 2022 @02:40PM
(#32229004)
> but that will implode real estate and hurt a lot of homeowners
You can’t have your cake and eat it too. Homeowners need to get hurt in order for housing to be more affordable. Housing taking up huge chunks of earnings is a terrible state of affairs for citizens and the economy.
Of course, a major answer to this problem is to simply ban non-americans from buying american property, but that will implode real estate and hurt a lot of homeowners.
That is the voting middle-upper class. The majority are voters. And they won't want any of that.