Nah, institutional landlords can just buy up any individual landlords who go bellyup. Additionally, the average prole can afford to spend more on rent, especially if it's ratcheted up slowly to minimize the psychological effect. I imagine we'll see more common acceptance of roommates, as well as multi-generational housing coming back. Also, the meme of queer couples moving in quickly becoming more of a reality amongst the entire population.
I think we're more likely to see a crash from speculative assets that aren't even real, like how in 2008 the mortgage-backed securities were essentially investments on investments on investments on real estate. Knowing the US, it'll also be 2008-esque by the regulatory agency being fully coopted.
Do note that even a spectacular market crash won't cause "the collapse", because "the collapse" won't be some sudden singular event, but rather is a long road of erosion that we've already been heading down for at least 30 years.
I imagine we’ll see more common acceptance of roommates, as well as multi-generational housing coming back
Pretty much. The "college town"/flophouse model of 3-4 people paying $700+ each rather than renting out a 3-4 bedroom house for like $1500 will become typical for people to spend a huge chunk of their adult life, if they just don't live at home forever.
Nah, institutional landlords can just buy up any individual landlords who go bellyup. Additionally, the average prole can afford to spend more on rent, especially if it's ratcheted up slowly to minimize the psychological effect. I imagine we'll see more common acceptance of roommates, as well as multi-generational housing coming back. Also, the meme of queer couples moving in quickly becoming more of a reality amongst the entire population.
I think we're more likely to see a crash from speculative assets that aren't even real, like how in 2008 the mortgage-backed securities were essentially investments on investments on investments on real estate. Knowing the US, it'll also be 2008-esque by the regulatory agency being fully coopted.
Do note that even a spectacular market crash won't cause "the collapse", because "the collapse" won't be some sudden singular event, but rather is a long road of erosion that we've already been heading down for at least 30 years.
Pretty much. The "college town"/flophouse model of 3-4 people paying $700+ each rather than renting out a 3-4 bedroom house for like $1500 will become typical for people to spend a huge chunk of their adult life, if they just don't live at home forever.