Re:Sex is going out of fashion?
by danuker on Tuesday June 21, 2022 @08:40AM
(#31823139)
> already built homes effectively more affordable than building new ones
The reason people buy instead of build is that the house is already there, whereas building anew takes a lot of time.
As interest rates grow, it becomes more expensive to do so, and waiting starts paying off.
But inflation is still high in spite of the high interest rates. And then, maybe the central banks will overshoot the interest rate, which will lead to another crash...
Other than that, living in a walkable area has its advantages, and codes are much stricter in high densities, so you can't build.
The reason people buy instead of build is that the house is already there, whereas building anew takes a lot of time.
As interest rates grow, it becomes more expensive to do so, and waiting starts paying off.
But inflation is still high in spite of the high interest rates. And then, maybe the central banks will overshoot the interest rate, which will lead to another crash...
Other than that, living in a walkable area has its advantages, and codes are much stricter in high densities, so you can't build.