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The question should be, 'To what degree did Zillow influence the housing market?' Interest rates are low so people have cash. New housing development was lacki
by algoatecorn 5y ago
The question should be, 'To what degree did Zillow influence the housing market?'
Interest rates are low so people have cash. New housing development was lacking even before Covid disrupted supply chains. Now we are facing a labor shortage that could play out in a number of ways, not limited to proletariat uprising or in contrast, a new age of entrepreneurialism.
- thedougd 5y agoI agree. Those low interest rates are also driving a ton of refis which people are using to make improvements and renovations. There's tremendous pressure on trade labor. Also, I suspect immigration restrictions are putting a squeeze on the supply.