What does that mean for prospective homebuyers? Hold off until after the collapse?
I hate articles that set up the problem, and offer no solutions. The end result of the research is worthless without application.
It only makes sense to buy a home for cash, which, of course, closes the market to most. Cash for a home now will likely leave you with a home that is worth less after a couple of years than the price you paid but you are not stuck with a mortgage on that price. I have no mortgage. My house is, indeed worth a lot less than I paid for it. I am happy that I own a home outright. I did not waste money. If I sell it I won’t get so much as I paid for it but what I get doesn’t go right back to pay off a bunch of bankers, not on my side of the deal, anyway.