Quote:
Originally Posted by Aliantha
I think a lot of people are going to be forced to sell their homes and live somewhere more affordable.
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I guess I don't see how that qualifies as a crisis. Having to modify one's standard of living to continue affording basic necessities is not a crisis, it's a part of being a grown up alive in the world.
Let's hold off on the phrase "Housing Crisis" until the supply of housing shrinks so far below the demand that roving bands of armed indigents fan out through the suburbs slaughtering home occupants and moving in, 15 to a room. Then, we can call it a crisis.
Right now, it's a correction. You know, like markets do.