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If employers suddenly started paying less then I'm pretty sure housing would drop.
by jacalata 10y ago
If employers suddenly started paying less then I'm pretty sure housing would drop.
- AstralStorm 10y agoAfter a very very long time only. It is not a liquid asset. It does not react to sudden price shocks quickly if at all.
- jacalata 10y agoI was thinking primarily of rent, but I'm not sure if house prices wouldn't fall pretty quickly too - people suddenly cant afford payments, supply goes up, a few short sales to lower expected prices, sellers who can't afford to wait for a better offer - bang.