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Financing has gotten really cheap. That'll get you more house for your dollar. People have been building equity on their homes the entire time. Those folks w
by lallysingh 6y ago
Financing has gotten really cheap. That'll get you more house for your dollar. People have been building equity on their homes the entire time.
Those folks who are selling their $150k houses for $250k are buying other houses, further raising demand.
- jacobush 6y agoThat gives you more dollars per house, you mean.
- lallysingh 6y agoI mean that the folks living in a house that's appreciated a lot may want to cash out their equity, adding another buyer and a bunch of money to the market.