Homebuyers have far fewer homes to choose from now than they did in the last normal days before the COVID-19 pandemic, and the shortage is especially acute in Illinois, according to a new study.
This problem will fix itself in the next housing crash. The moment housing prices start to fall in Illinois, the specu-vestors, flippers, the overextended, the unrealistic sellers, they will all pile into the market at the same time trying to flee in the sinking ship as prices crash. We’ve seen this all before. It will not be different this time.
My family member is a VP at a major bank which I will not name, but if anybody tells you or you believe like the news media says that the economy or housing market is in great shape, just wait for what is forthcoming again, individual debt is so great on credit cards, auto loans, housing loans did anybody learn a damn thing from the last downturn. As my family member would say the shit is gonna hit the fan big time.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
This problem will fix itself in the next housing crash. The moment housing prices start to fall in Illinois, the specu-vestors, flippers, the overextended, the unrealistic sellers, they will all pile into the market at the same time trying to flee in the sinking ship as prices crash. We’ve seen this all before. It will not be different this time.
My family member is a VP at a major bank which I will not name, but if anybody tells you or you believe like the news media says that the economy or housing market is in great shape, just wait for what is forthcoming again, individual debt is so great on credit cards, auto loans, housing loans did anybody learn a damn thing from the last downturn. As my family member would say the shit is gonna hit the fan big time.