Quote:
Originally Posted by the urban politician
^ I think you maybe are confusing an oversupply situation with a worldwide financial meltdown.
First of all, right now we have no evidence of an oversupply of apartments. Even office right now is showing perhaps only slight signs of that. Will that change? Of course, at some point it may happen soon.
But does that mean that everything will come crashing down, tens of thousands of properties will go into foreclosure, banks will collapse, and the Federal Government will need to come in and infuse nearly a trillion dollars to save the entire financial system like what happened in 2008? Highly unlikely.
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Agreed. I think I got everyone defending the 2008 meltdown reference by mistake.
Simply stating this has all the earmarks of an overbuild. I shouldn't have connected it to twenty-oh-eight.
Think I should take a back seat here for awhile. I love construction. With a purpose
