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A comment on Making sense of what’s going on in the housing market. Parent comment

Re:Making sense of what’s going on in the housing market by nicbou on Thursday April 22, 2021 @05:28AM (#26900621)
This is truly insane. People choose a house faster than I'd choose a USB cable on Amazon.

Thank you for the insight. It's a fascinating comment. I wonder if it's the same in other countries.

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Re:Making sense of what’s going on in the housing market by Balgair on Thursday April 22, 2021 @11:27AM (#26903828)
As the article talks about, the main driver of this mania is the historically low interest rate coupled with low returns from other investment sectors. So unless the cost of borrowing money in another country is in a similar situation, I would suspect not.

That said, Canada is in a similar situation despite the pandemic (or maybe because of it?) and the housing costs there are likewise crazy, if not more so than in the US.

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