Not everyone needs to live in your particular neighborhood. The US native population is shrinking so baring immigration (which we absolutely do not need more of) housing prices should fall without any development.
> The US native population is shrinking so baring immigration (which we absolutely do not need more of) housing prices should fall without any development.
This will only be true in a world where nobody moves, which is not the world we live in. Like, if all jobs are in California and New York, one would expect house prices to rise there (while collapsing everywhere).
Remote would have made this much less bad, but it turns out that's not going to happen to the extent people expected during Covid (mind you, lots of people did naive extrapolation during Covid which basically hasn't worked out anywhere).
This will only be true in a world where nobody moves, which is not the world we live in. Like, if all jobs are in California and New York, one would expect house prices to rise there (while collapsing everywhere).
Remote would have made this much less bad, but it turns out that's not going to happen to the extent people expected during Covid (mind you, lots of people did naive extrapolation during Covid which basically hasn't worked out anywhere).