| ▲ | 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. |
|