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Higher interest rates mean buyers can afford less house for the money. House prices go down. Boomers get mad.
by lowbloodsugar 3mo ago
Higher interest rates mean buyers can afford less house for the money. House prices go down. Boomers get mad.
- avmich 3mo agoYou're sure house prices are elastic here?
- matwood 3mo agoThey are slowly elastic. The only way to speed up the re-pricing is a recession where people lose their jobs and are forced to sell. Otherwise, it's mainly young people entering their first house phase that get impacted - which is exactly what we've seen.