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> Only one problem, the demand for housing has crashed, due to the market. 6 houses all set to be built, completely stalled. Are you kidding? They're is good i
by BoiledCabbage 3y ago
> Only one problem, the demand for housing has crashed, due to the market. 6 houses all set to be built, completely stalled.
Are you kidding? They're is good if demand for houses. Maybe not at the price they originally thought they could get for it, but that doesn't mean the demand is gone.
A larger portion of monthly payments now go to interest instead of principal since rates have climbed, but houses are still way more expensive in terms of monthly payments than they were 2 years ago.
The demand is still there, people just can't afford it.
- adamredwoods 3y agoThere was lots of demand for townhouses at $900k a few months ago. That demand has decreased.