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this post was submitted on 02 Nov 2023
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A Boring Dystopia
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You may be right. I saw an article about a year ago that said the only way they saw out of the housing crisis was to build like crazy. And that makes sense but if the economy takes a nosedive then the buying may stop which could cause a crash. No one can predict the future, but markets do fall apart sometimes.
I think it's happening, at least in pockets. Housing developments that were abandoned after the 2008 crash are starting to spring to life again around here. Some of them have already doubled in size and one is getting ready to get about 10x as big.