4 ms·
Like stalling a plane: the useful momentum is lost. I.e. no one wants to buy (they wait for lower prices) or sell (facing uncertainity at how long it's going to
by jusssi 2y ago
Like stalling a plane: the useful momentum is lost. I.e. no one wants to buy (they wait for lower prices) or sell (facing uncertainity at how long it's going to take, and what price they'll get). Only people desperate to move will buy or sell anything.
It's bad because it directly eats into the purpose of housing you stated.
- hackerlight 2y agoDo you know how happy gen z and lower income people would be if they had the option of doing what you're talking about? Having the ability to buy a house but choosing not to because the market might go down? You are either rich or a homeowner because clearly you don't know the circumstances of being priced out of the market. Tell a low income person "it's worse for your housing affordability if house prices go down" and they will laugh in your face, and deservedly so.
- jusssi 2y ago> You are either rich or a homeowner because clearly you don't know the circumstances of being priced out of the market. That feels like a reach from me simply answering a market dynamics question you asked. Chill maybe?