Re:Ask HN: Are real estate agents the problem with out of co...
by SdApartmenyGuy on Monday May 09, 2016 @01:53PM
(#11661714)
1. Housing laws (restricting housing supply to increase [SF])
2. Interest rates (when they are low) promotes more ownership
3. Federal/ State intervention : Promoting more people to own homes even if they can't afford to (or their job is high risk).
4. Low unemployment
5. Fannie Mae & Freddie Mac artificially propping housing prices by not releasing the million + mortgages they have on their books.
6. Terrible software that depends on humans being able to understand what prices should be for a home, while using antiquated ideas as to what a home price should be given "comps" and not supply of housing.
7. There are so many factors that if you're truly interested... Read a book called Housing Boom & Bust by Thomas Sowell. :)
2. Interest rates (when they are low) promotes more ownership
3. Federal/ State intervention : Promoting more people to own homes even if they can't afford to (or their job is high risk).
4. Low unemployment
5. Fannie Mae & Freddie Mac artificially propping housing prices by not releasing the million + mortgages they have on their books.
6. Terrible software that depends on humans being able to understand what prices should be for a home, while using antiquated ideas as to what a home price should be given "comps" and not supply of housing.
7. There are so many factors that if you're truly interested... Read a book called Housing Boom & Bust by Thomas Sowell. :)