This type of technology has serious implications. More bailouts and more money printing is the ONLY way out of the financial market catastrophy this will bring about. Cheaper housing is fantastic. I love the idea but residential and commercial real estate are collateral as such a large amount of outstanding debt that there is no way this can be resolved through mass foreclosures.
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That is true. A lot of defaults on the horizon.
Those buying a house are going to have issues. I can foresee the values of real estate collapsing over the next 10-15 years.
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The ability to build a house that is to code and of equal or higher quality at half the price introduces a double whammy on the real estate market. The other is the widespread adoption of virtual reality.
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