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@crackinjokes How are house prices going up? It would seem like with baby boomers reaching mortality that they'd go down.

submitted by iThinkiShitYourself to Finance 1 monthMar 4, 2024 22:12:18 ago (+2/-0)     (Finance)

I know they didn't maintain most buildings and were trying to remove the capital from the infrastructure that way. Is that the cause of all this? The buildings are not good after other people get them and so they basically don't exist, thereby driving up scarcity?


4 comments block


[ - ] dontbeaphaggot 1 point 1 monthMar 5, 2024 01:22:33 ago (+1/-0)

They knew the massive inflation is coming and try to hide it by creating a depression

[ - ] PearofAnguishJuniorManager 1 point 1 monthMar 5, 2024 00:31:02 ago (+1/-0)

Biden and his kikes have been burning up the ball bearings on the printing presses. That debases the currency that was already in circulation; it becomes worth less. So the price of everything goes up.

I was going to down size my house last year, but I decided to keep it. With interest rates what they are, buyers have decided to wait till the rates go down. A house in my neighborhood two years ago would sell on the first day and get ten offers. Now they sit for months. There are less buyers and sellers.

[ - ] Crackinjokes 1 point 1 monthMar 4, 2024 23:01:11 ago (+1/-0)

House prices usually go up when interest rates go down. We've had a temporary rise in interest rates well it may not be temporary but we have had a recent rising interest rates and that often causes a temporary rush to lock in houses because people get scared interest rates may go up further. That causes a further temporary rise in house prices. Now this is all assuming that there's an adequate supply balanced with with demand. Of course in many places you have two little supply. Many people are moving out of California to different areas and places in those new areas are seeing their house prices skyrocket. At the same time house prices in places that people want to leave like parts of California are actually going down or at least are becoming much harder to sell in a short period of time. So it really depends on where you are. Now remember to the other reason house prices can go up is if rental prices for apartments are going up drastically. Because the comparison that people are always forced to make is am I going to rent or am I going to buy and typically they choose not to buy if there is a cheaper rental solution and monthly payments on a mortgage will be too high but if rents are going up high as well then that keeps people in the mortgage market that might otherwise drop out and that means demand is higher and that means housing prices can remain high.

[ - ] observation1 0 points 1 monthMar 5, 2024 00:44:47 ago (+0/-0)

Infinite demand if population going up