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IPFS News Link • Housing
Many young people are choosing to live at home for a longer period of
time instead of buying. Moreover, would-be homebuyers are settling into
modern apartments and condominiums, further hindering a housing rally. Shiller says the
shift toward renting and city living could mean “that we will never in
our lifetime see a rebound in these prices in the suburbs.”A perpetually
sluggish housing market, which Shiller believes has become “more and
more political,” might push the country in a “Japan-like slump that will
go on for years and years.”
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