Yes, the only thing that's kept housing high is very tight supply. But as George Gammon has pointed out (in 3 fast, easy steps!) at some point higher rates will decrease demand and lead to price decreases in nominal terms, and much more in real (inflation adjusted) terms
Yes, the only thing that's kept housing high is very tight supply. But as George Gammon has pointed out (in 3 fast, easy steps!) at some point higher rates will decrease demand and lead to price decreases in nominal terms, and much more in real (inflation adjusted) terms
Yes, the only thing that's kept housing high is very tight supply. But as George Gammon has pointed out (in 3 fast, easy steps!) at some point higher rates will decrease demand and lead to price decreases in nominal terms, and much more in real (inflation adjusted) terms
I understand how higher rates would lower ability to pay for houses,not for rent. How demand would lower? some people would suddenly prefer no roof?