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Alex
The Hill
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Comments by "Alex" (@Alex-df4lt) on "Krystal Ball: The Next Housing CRISIS Is Here And The Villains Are Exactly Who You'd Expect" video.
You should move to a cheap place then like Mexico or Eastern Europe. Before it's too late!
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There is ample free land in the US, but people seem to insist on living in expensive states.
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I own an average house in Eastern EU, worth $600k. It find it surprising I could buy a house in the US but Americans can't.
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@ion6538 That's true and the reason why it no longer pays off to live in these countries.
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Not true, in Eastern EU it is still possible if you have a good job. I own $600k home here. Not inherited a dime.
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The main problem is people no longer have the skills to build their houses. That's the main reason why prices are high. In early 20th century it was different.
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@beckyk2917 In central red states.
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Maybe not if concealed inflation is behind the rise.
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Unfortunately it won't work as the problem is a lot more complicated. US is a magnet for rich people from the whole world which drives up demand for houses. American population is a smaller fraction of world population than it was in 80s. It's not only domestic issues behind high demand, but it is also result of globalization. All this makes the US a bad place to start family.
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