In the 2008 home crisis, flippers went wild and created excess supply. It became cheaper to rent than to own. That is not the case now. Also the loan standards are more strict so that the buyers today are financially better off so that there will be no tsunami of foreclosures.
There very well may be another housing crisis in the future but not anytime soon. And if it happens I believe it will be the result of an economic dislocation, not the cause of it.
|