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The main reason for high prices is not shortages, its low interest rates.
by graemep 2y ago
The main reason for high prices is not shortages, its low interest rates.
- GoatInGrey 2y agoIt's remarkable to see how intuitive supply and demand laws are for many individuals until it comes to one particular market: housing.
- graemep 2y agoAre you being sarcastic? Housing is a good example of how people fail to understand supply and demand. People usually talk as though supply and demand are fixed quantities rather than curves against price.
- surajrmal 2y agoInterest rates have gone up and housing prices haven't changed much. The average monthly mortgage payment for 20% down 30 year fixed mortgages have shot up though. Something makes me feel like it's not just interest rates.
- triceratops 2y agoIt's both.