"The most critical factor subduing the demand for housing is that home ownership is no longer seen as the great, long-term buildup in equity value it once was"

This quote by Mortimer Zuckerman suggests that the need for real estate has been reduced due to the truth that own a home is no longer seen as a great method to build up equity worth over the long term. This suggests that individuals are no longer as thinking about purchasing a home as an investment, as they as soon as were. This could be due to a range of factors, such as the present economic environment, the availability of other financial investment options, or the reality that the real estate market has actually ended up being increasingly volatile. Whatever the cause, it appears that the demand for real estate has actually been dampened by the understanding that home ownership is no longer a dependable method to develop equity value.