02-06-2017, 11:07 AM
All the prognostications of doom are a touch annoying.
It all points to how one class of people are more important and valuable than another.
The potential "doom" is for investors who made a misguided choice in a gamble to potentially make 10s of thousands of dollars.
Meanwhile, a housing glut has the real possibility of putting actual downward pressure on rent prices, saving students and other renters money in the longer term.
Investors getting burned on a risky investment: "DOOM!"
Renters getting more affordable housing: "meh who cares."
It all points to how one class of people are more important and valuable than another.
The potential "doom" is for investors who made a misguided choice in a gamble to potentially make 10s of thousands of dollars.
Meanwhile, a housing glut has the real possibility of putting actual downward pressure on rent prices, saving students and other renters money in the longer term.
Investors getting burned on a risky investment: "DOOM!"
Renters getting more affordable housing: "meh who cares."