4 ms·
owners will be less likely to sell if they cant make a profit either, further reducing supply
by Ancalagon 4y ago
owners will be less likely to sell if they cant make a profit either, further reducing supply
- whimsicalism 4y agoPlenty of owners will sell a depreciating asset, especially non-resident owners.
- Ancalagon 4y agoOr just rent it out, which is honestly the easier option if you do proper vetting of renters
- whimsicalism 4y agoWell if rental and sale prices track, as they often do, this is also not a great strategy.
- Ancalagon 4y agoRents have increased 15% in 1 year, and landlords are still trying to recoup covid losses. I doubt we will see rents decrease
- whimsicalism 4y agoAs have home prices
- etcet 4y agoalso who wants to sell when they got a 30 year loan at a historically low rate
- harambae 4y agoThere will still be turnover. The elderly won't stop dying just because of their low fixed rate mortgage, for instance.