4 ms·
I think in the case of property, multiple supply/demand equilibriums are possible. Land is a finite resource and rents way exceed mortgage repayments. I think t
by theonlybutlet 3y ago
I think in the case of property, multiple supply/demand equilibriums are possible.
Land is a finite resource and rents way exceed mortgage repayments. I think there is a way to encourage the supply of rental in a scenario where they hold less quantities of land.
- etrautmann 3y agoIs that true in us cities? Mortgage payments seem to be much higher than rents on equivalent places right now.
- SauciestGNU 3y agoSmall city resident checking in here, 1br apartments are going for $1500/mo on average here, and we're considered an extremely affordable place to live. The average person I know carrying a mortgage has a payment below that for much more living space. What I would say we're missing is condominiums in the city center. Lots of apartments, fewer places to own in the inventory of downtown housing.
- etrautmann 3y agoYes but those people got mortgages before the last year. With rates at 6-7%, the payments are going to be a lot higher or you get a lot less.