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The Current State of the Housing Market: Decreased Income, Increased Debt, and Oversupply
This chapter discusses the impact of decreased income and increased debt levels in the US housing market, as well as the oversupply of properties caused by Airbnb rentals. It raises concerns about building subdivisions for rent and the growing number of multi-family homes, while also considering the potential consequences of seniors selling their homes and the affordability challenges facing future generations.