The answer is expected to be...I'll buy a house.
However, usually what actually happens is that you're now too old and close to retiring to actually be allowed to borrow or maybe the market just left you far behind since last time.
Housing prices will not go down anywhere in North America without some kind of systemic financial collapse
As the article notes, with examples, we're already seeing that happen.
America really needs to get back to building small scale housing such as onsie-twosie projects of singe level 4-plexes and 8-12 tenancy two story apartment buildings. The kind of stuff that can be both financed and built locally.
The finance industry has us twisted up because they only want to fund overly-large and expensive single projects; typically entire neighborhoods of outsized single family homes or enormous multi-building apartment complexes. That means those are the only projects getting financed which means that those are the projects getting built.
Posts from the RSS Feed of HackerNews.
The feed sometimes contains ads and posts that have been removed by the mod team at HN.