Re:Homes in 97% of U.S. cities are overvalued, Moody's says
by akomtu on Friday May 06, 2022 @12:49AM
(#31281423)
Tech stocks falling won't necessarily lower home prices. The number of tech employees is growing rapidly, but the number of houses for sale isn't, so if ten years ago it was enough to win the bidding war against the top 10%, now you compete with the top 5% and their finances, even with lower stocks, are a lot better. By 2050 it will be a competition among the top 1%.
[ Parent
| on HN ]
There are no comments on this comment yet.