All is well in the Capital of Panem.
Phoenix underway a curious solution. A number of syndicates showed up with cash, and bought dozens of homes....then turned them to a rental agency. Waiting quietly now for the prices to return to ‘norm’. Even if it’s ten years...fine, they will get income from the rental property and cover expenses. I’ve read that even Chinese syndicates were in on the investment opportunity.
I’d also note....this was a failure of regional proportions. There are vast regions and numerous states, which didn’t suffer through the 2008 stumble/fall on house prices.
If you look at Arlington and Fairfax, houses are at all-time records there in VA....and you can flip a house in one month easily, with substantial profit for the seller.
All is well in the Capital of Panem.