Seattle Is First Major US City With Annual Home Price Decline Since Crisis – Zero Hedge

And that’s a good thing.

A “housing collapse” on the west coast is long overdue – housing prices have been driven to sky-high unaffordable levels by mass immigration for decades and need an adjustment so normal people can afford to buy houses.

Is it a housing bubble/collapse, or were prices just overinflated to begin with.

Affordable housing would solve a lot of problems in America.

Once the US cuts off unlimited work visas for the rest of the world, housing prices start to return to normal.

https://www.zerohedge.com/news/2019-08-01/first-domino-falls-seattle-first-city-negative-yoy-home-price-growth

Bay Area Home Sales Crash In June Swoon

https://www.zerohedge.com/news/2019-07-29/bay-area-home-sales-crash-june-swoon

Posted on