Popping the housing bubble in Americans' minds
Viewing the home as a basic necessity, not an investment, can bring down prices and rents, help to boost the economy, reduce inequality and end destructive housing bubbles
New York
SUPPOSE there were a way to pump up the economy, reduce inequality and put an end to destructive housing bubbles such as the one that contributed to the Great Recession. The idea would be simple, but not easy, requiring a wholesale reframing of the US economy and housing market.
The solution: Americans, together and all at once, would have to stop thinking about their homes as an investment.
The virtues of homeownership are so ingrained in the American psyche that we often forget t…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New US home sales jump to highest level since September
Hong Kong developer weighs stake sale in London office skyscraper project
How Hudson Yards went from ghost town to office success story
Private credit for real estate boosting green building premium
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped