The housing crash in 2007 didn't make housing more affordable. All the defaulted mortgages meant banks owned more houses to be held empty and rents shot up. Another housing crash will only increase rents as a lit more people are thrust into rental markets in into tent cities. The only solution is social housing but governments are just instead giving incentives for developers to build luxury flats that will remain empty.
The housing crash in 2007 didn't make housing more affordable. All the defaulted mortgages meant banks owned more houses to be held empty and rents shot up. Another housing crash will only increase rents as a lit more people are thrust into rental markets in into tent cities. The only solution is social housing but governments are just instead giving incentives for developers to build luxury flats that will remain empty.