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Posted on 4/1/22 at 10:27 am to Abstract Queso Dip
Interest rates going up will cool the market faster than you are taking into account. It's already happening in some areas.
Posted on 4/1/22 at 10:45 am to stout
I think that will help. But what about all these cash buyers that have an enormous inventory and are gonna collect rent. Do you think they start unloading houses or keep them for income? I get calls everyday to buy my house.
Posted on 4/1/22 at 9:56 pm to stout
quote:
Nothing about the current market in any sector is basic econ considering we shut down supply chains for two years out of Covid fear.
But it really is.
The problem causing price spikes is because of an outside factor that affects supply and demand.
It is still basic macro-economics, but the reason for low supply/high demand is artificial.
Edit to clarify: The artificial supply/demand problem IS a direct result of stupid policy decisions on Federal and State levels, not something unavoidable like major hurricanes/flooding etc.
This shite could have all been prevented.
This post was edited on 4/1/22 at 11:07 pm
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