Falling Home Prices Could Be a Good Thing
At the risk of sounding brusque, don&#x27;t just read the headline of this article and then comment because the headline doesn&#x27;t mean what it reads like on the surface.  It&#x27;s not &quot;house prices are falling and this could be awesome.&quot;  Instead, the article&#x27;s thesis is:<p>&gt; So instead of looking at homes as investments, what if we regarded them like a TV or a car or any other consumer good? People might expect home prices to go down instead of up. Homebuilders would probably spend more time talking about technology and design than financing options. Politicians might start talking about their plans to lower home prices further, as they often do with fuel prices.<p>The article is going over a paper[0] that asks what would happen to house prices if houses were treated as disposable consumer goods instead of a means of storing wealth.  It also points out, correctly in my opinion, that such a shift would be monumental (if only because everyone would have to do it at the same time).<p>0 - <a href="http:&#x2F;&#x2F;realestate.wharton.upenn.edu&#x2F;research&#x2F;papers&#x2F;full&#x2F;802.pdf" rel="nofollow">http:&#x2F;&#x2F;realestate.wharton.upenn.edu&#x2F;research&#x2F;papers&#x2F;full&#x2F;802...</a>