2019 Aug 13, 2:53pm
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housing prices will drop
Promote factory-built housing to drive development costs down. Fannie Mae rolled out a program in 2018 to treat some high-end manufactured homes the same as standard housing, and Freddie Mac launched a similar initiative in 2019. Read more at: https://www.bisnow.com/national/news/affordable-housing/tk-ideas-policies-proposals-suggestions-to-overcome-the-affordable-housing-crisis-100263?utm_source=CopyShare&utm_medium=Browser
SunnyvaleCA sayshousing prices will dropA lot of Boomers have their wealth tied up in their homes. They could take a reverse mortgage out, but the companies offering it will stop doing so as soon a they see that writing on the wall as you describe.
Move where it IS affordable. Easy-peazy.
This is exactly why I say I hope the world never returns to the Gold Standard. Because all our houses would be owned by the Big Mill in town, and if you lose your job at the mill
We need new towns in America.