In the United States, the real estate bubble exploded. Especially in northeastern Ohio, the influence of the area where I live is very obvious. Declines in housing prices, vacancies, damage to victims to cities and school districts all depend on income from property tax. As former community development director and real estate agent, I have experience in the housing sector. The real estate industry is an important part of the American economy. There are many jobs related to the real estate industry.
After the global financial crisis triggered by the real estate bubble of the 2000s, the world is re-establishing itself. The last thing we need is another big bubble ("What is a bubble?"). Especially, there are things that can not be solved by the housing form. Nonetheless, as we have established in the real estate market, we are building higher and more problematic higher education bubbles. Good news and bad news. First of all, how do you get here? Even if the buyer can not afford to buy the product, if you think that the value goes up as time goes on (that is, in the general way of thinking before the housing bubble, the house almost always increases its value. I do a better job than I am and they believe that they can make money by regaining the money they use
Housing also needs a similar approach. The crisis itself is a function of how we diagnose the crisis for the first time. Housing is called "evil problem", in other words, it is very complicated. But we use the same assumptions from the same simple direction, use the same idea, and continue to do it using the same policy tool. The result - of course - we continue to think of the same headline with the same idea. We are all familiar to most people. Delegation of developers, removal of controls from developers, subsidies to developers, support for demand by debt, accusations of developers, accusations of immigrants, accusations of planning systems, or wearing camera helmets to provide financial support Build more houses to promise and not to ask anyone what they are going to do