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A comment on Mortgage Rates Could Tank Home Prices by 20%, Fed Study Finds. Parent comment

Re:Mortgage Rates Could Tank Home Prices by 20%, Fed Study F... by whimsicalism on Wednesday November 16, 2022 @10:51AM (#33625128)
"Luxury" housing is the market need when building is so suppressed.

Also, most new construction is going to be labeled luxury, then later enter the affordable supply. This is the lifecycle of housing.

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Re:Mortgage Rates Could Tank Home Prices by 20%, Fed Study F... by bombcar on Wednesday November 16, 2022 @11:00AM (#33625293)
That's the lifecycle that has been constrained - the affordable supply hasn't been happening because prices have been rising too fast (in the cities, but even in the 'burbs).
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