3 ms·
Isn't banks lending part of the reason why prices are so high? If no one could get a loan, no one would be able to pay current prices for housing.
by jfoster 14y ago
Isn't banks lending part of the reason why prices are so high? If no one could get a loan, no one would be able to pay current prices for housing.
- jtc331 14y agoIt's not so much that no one would buy if they couldn't get a loan so much as it is that the availability of the loan causes prices to rise because demand goes up relative to supply.