If only people would look at the long term instead of thinking short term. Meaning I think the one force at play is greed. Realtors, bank execs, title companies, real estate lawyers, speculators with 3 or more properties have a vested interest in “convincing” the public real estate is worth 40% (or more) of the average salary. They are relying on the greed of current homeowners who have been taking out HELOC $$ to finance everyday life. I can’t tell you how many of these so called “experts” were spouting the idea ” last time I checked they ain’t making anymore land” arguement. I hope those aholes can’t stand to look at themselves in the mirror.
RT.66 I am with you but alas ….the forces of greed blind. I guess it is impossible to battle human nature.
