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The economy might be booming, but housing has fallen into a recession: a top real estate CEO says he’s never seen anything like it
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Good.
Housing needs to become less expensive.
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Great Recession was caused by a credit crisis, which was in turn the result of a poorly-regulated derivatives market. The housing crash was a side effect of that phenomenon, not the cause of it.
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- fortune.com/2024/04/17/h...
Perhaps this was true historically, but Florida's long-term real estate outlook is apocalyptic. If you can't get insurance, your real estate market is fucked