"...the real estate bubble is a product of local and (in some cases) state government policy — one of many arrangements that benefits the well-to-do at the expense of the poor. (People who own real estate benefit from rising land prices, people who have to rent suffer from it.) Until governments are forced by one means or another to abandon the policies that drive up rents and real estate prices, any decline in the real estate market will be temporary."
John Michael Greer
Posts
No comments:
Post a Comment