What is the main argument for a housing market crash?
It seems to be a pure supply and demand issue. Are we less efficient at building houses due to red tape? Or are houses being inflated for another reason which will cause a crash?
My assumption is that once rates go up significantly, then people won't be able to afford the current prices. Especially since most of the recent wage growth is t the bottom end of the income spectrum, meaning the middle class might even see their wage value eroded through this inflation (for example I got a 4.5% cut due to inflation).