Realistically that’s more like a month to 6 weeks of supply in a market that usually only has 3 weeks to 2 months of supply. It would crash the local market for 6 months, depress it for a year, and affect prices for 2 to 3 years at minimum.
I feel like that’s a case of facing the consequences of their own actions. The idea that a house is an investment, needs to die a painful death, as a warning to future generations.
Now ban corporations from owning single family homes and houses will actually become affordable.
From the responses I’ve seen, I don’t think the developer community really accepts their apology. It’s going to take some actual effort to save the company.
Blocked a few dozen, subscribed to maybe half a dozen. It got a lot easier once I figured out the app lets me block communities without having to open the community page.
A counter to that will be the trillions in money printing that’s been done and will be done. Housing will most certainly get more affordable, but is unlikely to drop in nominal price to any significant amount.