3 ms·
>not a chance I'm entering the market again at 7% If you're not buying another house, how does that change the net availability? You're not buying or selling.
by harambae 3y ago
>not a chance I'm entering the market again at 7%
If you're not buying another house, how does that change the net availability? You're not buying or selling.
- mlinhares 3y agoThat's exactly the issue, there would usually be a considerable amount of people in the market moving to bigger homes, changing neighborhoods, downscaling, but right now if you have a low rate loan it would be insane to give up your loan and pick one with the current rate, so these people generally left the market. This odd lots episode is a pretty good discussion on the whole subject: https://www.bloomberg.com/news/articles/2023-07-24/how-the-housing-bears-got-the-last-year-all-wrong?srnd=null#xj4y7vzkg https://www.bloomberg.com/news/articles/2023-07-24/how-the-h...
- harambae 3y agoI bought my last car 13 years ago and wanted to upgrade during Covid but didn't (after prices went up a bunch). Didn't sell my existing car, didn't buy a new one. So, by your definition, did I contribute to the auto shortage?