Amazon is Shrinking it's warehouse operations
(www.bloomberg.com)
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Yes, but also no. There'll be a time where housing is dirt cheap everywhere; they're destroying the economy wholesale, and anything in a bubble will, at least for a while, end up cheaper than it was. The people just have to swoop and get some before the corps take it all.
Sadly, aside from that (and that's just a short stopgap) you're probably completely correct.