Insight: Is the Housing Crash Finally Over? English 한국어 Hello. Today, we are exploring the key takeaways from the Wall Street Journal's 2011 article, "Why 2011 May Be the End of the Housing Crash." This insightful piece explains why the long and painful real estate slump might finally be coming to a close. The biggest reason for optimism is that homes are incredibly affordable right now. In fact, compared to how much people earn, houses are the cheapest they have been in 35 years. In cities like Los Angeles, the cost of a home has dropped so much that buying makes a lot more financial sense than renting. Another very positive sign is that smart investors are quietly returning to the market. But they aren't borrowing heavily like people did during the bubble. Instead, they are buying up properties with cold, hard cash. In cities like Miami, over half of all home sales were cash deals. This shows that savvy buyers belie...
