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lowbloodsugar an hour ago

Higher interest rates mean buyers can afford less house for the money. House prices go down. Boomers get mad.

avmich an hour ago | parent [-]

You're sure house prices are elastic here?

matwood 43 minutes ago | parent [-]

They 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.