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So 79% of theses houses weren't sold? If no, prices will likely adjust, unless those selling are not in need for the money. If yes, * the headline is either

So 79% of theses houses weren't sold? If no, prices will likely adjust, unless those selling are not in need for the money. If yes, * the headline is either false because of these 79%, people re-adjusted their behaviors in order to be able to afford, which would make it a regular transaction. You can't buy without shifting your current life-style. * only the rich could buy, further adding to inequality. Nothing can prevent that from happening but state regulation.

Oxidation 4y ago
> So 79% of theses houses weren't sold? Likely they were bought by people who already have houses, as investments. Your logic, that over-expensive housing won't sell at all, only holds if people are only buying houses that they will live in: to a first approximation, people generally live in just one house.