Last month, The Economist published an article called “A global house-price slump is coming”, and I posted this comment on Hacker News: I haven’t changed my mind. In my opinion, a housing crash won’t happen, because several trends (balancing feedback loops
Stephanie -- This was a good overview of the challenges of housing. The policies Japan has pursued despite a lot of demographic and political challenges has led to a lot of housing availabilinty in the right markets at the right price. Some of your prescriptions have some similarity. One of my favorite Substack writers is Noah Smith writing under the pen name Noahpinion. At least for me, he is the reason I moved to Substack first as just a reader and now a struggling writer. Prior to Substack he is a staff writer for Bloomberg. Thanks for writing.
Stephanie -- This was a good overview of the challenges of housing. The policies Japan has pursued despite a lot of demographic and political challenges has led to a lot of housing availabilinty in the right markets at the right price. Some of your prescriptions have some similarity. One of my favorite Substack writers is Noah Smith writing under the pen name Noahpinion. At least for me, he is the reason I moved to Substack first as just a reader and now a struggling writer. Prior to Substack he is a staff writer for Bloomberg. Thanks for writing.