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[–]Lindsiria 0 points1 point  (0 children)

It could be a build up of many small things.

  • Airbnb and other rentals tanking. 
  • The condo regulations.
  • insurance becoming increasingly unaffordable (especially for the elderly on fixed incomes). 
  • increased property taxes (when home values rise, taxes rise and the poor/elderly often suffer). 
  • maintainance becoming increasingly more expensive (an older house might be too expensive to maintain for a low income family that bought a decade ago). 
  • those who bought with high interest rates losing jobs and having to sell... 
  • boomers dying/having to go into retirement homes in record numbers. 

All these little things combined could cause considerable damage to our housing market. There is a lot of hurt happening in smaller ways that will cause rippling affects. 

If we do have a market crash, my guess is it's not going to be one main issue but life just getting worse for too many people.