As the Pandemic Recedes, Millions of Workers Are Saying 'I Quit'

Re:As the Pandemic Recedes, Millions of Workers Are Saying '... by imtringued on Friday June 25, 2021 @01:58PM (#27634172)

People stopped borrowing money. Either because they became old or the financial crisis made them risk averse. This drops interest rates.

The few things that people buy with debt then rises in value. There is also no interest in building more housing because that would result in lower single family home property values.

You have to consider that it's the bank that is paying for the house. As the owner you only pay the mortgage, whose monthly payments are limited by how much people can afford in the first place.

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Re:As the Pandemic Recedes, Millions of Workers Are Saying '... by UncleOxidant on Friday June 25, 2021 @03:14PM (#27635058)

There is interest in building housing by home builders, but it's at the expensive end of the market, not the much more affordable housing that we need.

Property value is the biggest component of home prices in many desirable areas. Increasing current low-density home building won't change that, but increasing density would help with affordability. Problem is that many in the US still have low density housing as their housing goal.

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