"Hey unemployment can go to 10% but everything will be ok because interest rates will be near zero because there is a HOUSING SHORTAGE."
yep..housing shortage..thats what happens in a recession..there's a housing shortage..People lose their jobs and default..but hey its fine because there is a housing shortage...families group together..but hey..no problem..there is a housing shortage!
This week there was over 34000 listings in SEQ..but no problem, there must be a housing shortage up there as well right?
In 2005, California was tipped to have a housing shortage as well: "Rapid population growth will mean housing shortage."
Yes..so much so there are whole suburbs vacant there now.
