/biz/ - Business & Finance

>>18422888
i get this impression as well.

>>18422910
The house prices in California and New York are insane! Norway has been rated as the most expensive country in the world multiple times, but we don't even come close to the East and West coast real-estate prices.

At least if you are american and poor, you can have access to the real-estate market in the shape of REIT's. So if you can't afford a full house, there is still a way to get a piece of the pie.

>>18423078
I think he was saying that people act stupid in a recession, so instead of taking advantage of all the opportunities that arise (like purchasing houses) they bought playstations instead. Causing

>>18423112
Its going to be interesting to see for sure. My guess is that we will become more and more like the states.