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With interest rates consistently over 7% and sometimes over 16%, a simple price chart doesn’t tell the full affordability story. When rates fall under 4%, hous
by sokoloff 3y ago
With interest rates consistently over 7% and sometimes over 16%, a simple price chart doesn’t tell the full affordability story.
When rates fall under 4%, house prices will naturally be higher in desirable areas because a lot of buyers are buying on monthly payment, not headline purchase price. Cheaper mortgages make for more expensive houses.
- light_hue_1 3y agoYou said that the size of the population determines housing cost. Now, when I showed you this is totally wrong, beyond any doubt, you changed the story. Now it's the interest rates that determine housing cost. This is like trying to have a discussion with an antivaxer. No matter what they say, you prove them wrong, and then they change their story, pretending like the nonsense they said before never existed. Look up a chart of mortgage rates. You're still wrong. Bye!