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Correct. You will get less house for your money than you would if houses were not in high demand. Same as the price of everything else works. And if other pe
by travisoneill1 8y ago
Correct. You will get less house for your money than you would if houses were not in high demand. Same as the price of everything else works. And if other people want to spend more than you on houses why shouldn't they?
- simonh 8y agoNobody is saying they shouldn’t, I have done exactly this, buying a house by taking the maximum mortgage I could afford to get the nices house I could get. We are just discussing the mechanism and forces at play and the role of interest rates.
- astura 8y agoNobody said they shouldn't, we are discussing how interest rates effect the housing market as a whole.