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> Higher rates don't do anything because incumbent owners simply pull houses off the market to wait it out. You need a recession.
by matwood 2y ago
> Higher rates don't do anything because incumbent owners simply pull houses off the market to wait it out.
You need a recession.
- abenga 2y agoDo lower house prices in a recession matter if no one has money, and everyone is being laid off from work? I feel like no one, except the very rich, benefits.
- matwood 2y agoUnfortunately recessions and job losses are how you get lower prices. You need forced selling. As long as we're labor constrained with a hot GDP, people with a house and low rate will continue living their best life.