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Lower interest rates opened housing inventory to more people who were and ready to purchase it at already ridiculously low prices since the market crash of 2008
by austincheney 8y ago
Lower interest rates opened housing inventory to more people who were and ready to purchase it at already ridiculously low prices since the market crash of 2008. This is part of what got me into my house.
> You are simply letting a person to buy more of any big
True, but that is grossly incomplete. It suggests that single individuals (or agencies) are gobbling up a plurality of real estate. It is also true that many people are each purchasing single houses.
Also constrained inventory appears to be a reality only on the US coasts. In my geography they continue to build thousands more houses every year. Inventory is hardly limited and yet prices and demand are both continually increasing year over year.
- robocat 8y agoI think you are talking about a minority of buyers. Structurally what is happening for the majority? "In 1991, 67% of British 25- to 34-year-olds owned property; today only 37% do." is the problem. Not how some of those individuals within the 37% came to own their home.