3 ms·

In the US credit distorts the market equilibrium very heavily by making building new houses far far more expensive than buying old ones.

• srcreigh 4y ago
  How does credit play into the cost of new housing? Do you mean that it's more difficult to secure a loan for new house building supplies than it is to get a mortgage on an existing home?
  • usrn 4y ago
    Yes. It's nearly impossible for normal people to get loans for land and materials.