by About the authors: Christos A. Makridis is a analysis affiliate at Columbia Business School and Stanford University, and the founder/CEO of Dainamic, a monetary know-how startup. Mark Calabria is the previous director of the Federal Housing Finance Agency, and writer of Shelter from the Storm: How a Covid Mortgage Meltdown was Averted.
The housing cycle lives. Many economic models predict a housing disaster sooner or later in 2023 or 2024. The mixture of excessive client debt, a slowing labor market, and inflated housing costs has created a ticking time bomb. It will explode—we simply don’t know precisely when. But it’s by no means too late to organize. Luckily, coverage makers can look again on previous recessions to assist refine approaches to mitigating the injury.
