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Prices have risen with falling interest rates. They will fall with rising interest rates. Zoning is a smaller part of it (though more significant in some areas
by tmnvix 5y ago
Prices have risen with falling interest rates. They will fall with rising interest rates.
Zoning is a smaller part of it (though more significant in some areas than others).
- sjtindell 5y agoI see how low interest rates increase demand. But in my opinion the lack of supply is a much bigger issue. Most people have most of their net worth in their homes, and spend their political will ensuring nothing new is built. That and related phenomenon I put under a broad “zoning laws” statement. We need to incentivize building more, taller. That’s it.