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Ask HN: What’s Up with the Housing Market?
Can someone please explain what are the true underlying causes for this recent explosion in the housing market?
- smt88 6y ago1. Insanely low interest rates 2. Low inventory due to recent urbanization trends (seems to be an issue worldwide) 3. A lot of disposable income among people who kept their jobs and stopped going out or traveling during the pandemic 4. Ongoing risk-taking by lenders, encouraged by their ability to sell loans to the federal government
- yuppie_scum 6y agoThis is an excellent post but I’d also add stir craziness/reassessment of housing needs due to WFH
- ratsmack 6y ago>Ongoing risk-taking by lenders, encouraged by their ability to sell loans to the federal government This insanity has to stop, but as long as we put up with the incestuous relationship between Wall Street and Government in general, I don't see it abating.
- deleted 6y ago[deleted]