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Money is cheap. Homes in particular rely a lot on financing. Goods that don’t rely on financing are relatively cheap since inflation has been so low. I believe
by nemo44x 7y ago
Money is cheap. Homes in particular rely a lot on financing. Goods that don’t rely on financing are relatively cheap since inflation has been so low. I believe in part because money is so cheap currently that businesses are able to sell bonds cheaply to finance their operation. Because of this the savings are passed down to consumers.
But house prices have more to do with interest rates than inflation currently I suspect.