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by john01dav
3 days ago
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One option is to get home prices to stop rising faster than wages by having wage growth speed up while real estate value growth slows down (not necessarily becoming negative). Then, no one is underwater on their mortgage, but buying a house becomes more accessible year over year. Of course, you'll need to eventually stop to address the normal problems with deflation, or address those in some other way. What specific policies achieve this is also a separate question. |
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