“Eli’s coming..Eli’s coming…Well you better hide your heart, your loving heart…Eli’s a-coming and the cards say… a broken heart.“
Yes, I am going to compare the Dallas-Fort Worth housing market to “Eli’s Coming” by Three Dog Night, a song about a womanizer on his way to breaking hearts. “Eli’s coming” also means that something evil or bad is on the way. That “something” is the pending affordable housing crisis in the region.
There is an affordable housing crisis coming to the Metroplex (if not already here) and it has potential to drastically affect our cities, market, and economy in a bad way.
No this is not the crisis of 2007-2010 where loans were hard to get, prices dropped, foreclosures abounded, and inventory skyrocketed. It could be worse.