Back in 2007 the United States faced a housing crisis. There was a surplus of homes on the market combined with a depressed economy, resulting in activity falling drastically among the real estate market.
We may or may not have learned from our mistakes then, but our political climate in the US is different now. In this video broadcast via Facebook Live, Anthony Licciardello and Hannah Jay discuss the main three reasons that we believe the next housing downturn could happen.
In this discussion, we touch on themes ranging from banking institutions to housing affordability. Here in Staten Island, home affordability has especially become a big problem for new home buyers. This could be an issue for anyone who owns real estate and is looking to sell at some point in the future.
When it comes to the smoking gun here, we go into a factor that would likely surprise most readers: that of political instability and the pension crisis. Just what is going on with the pension system now, and how bad will it get before something changes?
All this and more found in this lively video discussion, where we reach out to our audience each week to help Staten Island stay informed.