Short term it will certainly create a shelter crisis as many people will loose their homes temporarily or permanently and they will need a place to sleep.

This is extra crazy though because Florida was already dealing with an insurance crisis before (thanks to roofing scammers mostly, wonder how all those brand new roofs there held up in the storm…).

The US slipped into an affordability crisis over the last 6 months.

It's hard to remember sometimes, but Airbnb is only 13 years old, founded in August 2008 at the height of the real estate mortgage crisis.  

Is the Canadian housing market at risk of experiencing a 2008-type collapse? Back in 2019, the Bank of Canada dropped its benchmark interest rate to nearly 0% making it a lot cheaper for citizens to take out mortgages...

Our labor costs will drop more slowly, as there are fewer workers, and more pent up demand for homeowner rehab projects, and new home builds, to keep companies busy.Interest rates will keep rising at the commercial level, Austin sees them rising another 0.5-0.75% by the end of the year.It will be 3-5 years before interest rates go back down near where they wereThe rental market is still very strong, as so many home buyers have been priced out of the market.He sees rental rates continuing to rise in Missoula, and says there would need to be a huge financial crisis for rental rates to drop.Austin doesn’t see the construction industry ever catching up with demand, there is just such a large backlog.

First he helped Goldman Sachs and now BofA, both of which have large parts in our financial crisis.

., @Russell Brazil, @Ron Herrera I wanted to reach out and thank you all for your opinions and advice about my little Friday night realtor crisis.

If the country were to suffer a sustained economic crisis, I could see these high cost of living areas take it the worst if the labor market also suffers severely.

Non-student tenants you sometimes need to be more diplomatic but don't assume they know because some people have never had to deal with house stuff.