That housing market is prime for destruction with 3D printing. A ton of those people buying right now are doing so under interest rates are as low as they can be. When 3D printing takes off and reduce the cost of building a house by 1/3rd or 1/4th, I wonder if the houses will still be worth as much. It might not crash as fast if they keep prices up by enacting laws and using lawsuits like usual though.
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Very interesting thought. The competition should reduce prices with resultant fall out
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When technology enters and something gets commoditized, it is hard for companies to hold their margins. The ones that attempt this, which are usually the incumbents, tend to lose market share. If they are quick, they can adapt and lower margins while retaining their position. Most are too slow and only realize after it is too late that someone else took the share of their business away.
Either way, it helps the consumer.
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Yet another good reason to read the comments, differing and unique ideas!
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Yea I like to read the comments as well for the different views and ideas. But I tend not to comment on comments as much unless I don't understand something or they are asking a question.
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I think the answer to that depends upon the area.
Those that are heavily populated might see some issues. Of course, it will be more than one factor involved. If the work from home idea keeps expanding, which I think it will, then the need to assemble in a rather small geographic area (city) is lessened. This could mean that rural areas see a lot of migration.
Couple that with less expensive home construction, and yeah I think there is an issue for those who are owning homes with debt tied to them.
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