08 wasn't a big enough correction if you ask me. And in any case in a lot of places, house prices went right back up to where they were in a few years. The government has been running a housing inflation scam since at least the 70s. You're absolutely right that when there's any sort of sustainable interest rate, there's no way most people are affording a million dollar house.
08 wasn't a big enough correction if you ask me. And in any case in a lot of places, house prices went right back up to where they were in a few years. The government has been running a housing inflation scam since at least the 70s. You're absolutely right that when there's any sort of sustainable interest rate, there's no way most people are affording a million dollar house.
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