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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 deathanatos on Wednesday November 16, 2022 @11:01AM (#33625323)
In the end, demand for "housing" seems pretty inelastic. I would think this would push a lot of would be home-buyers back onto the rental market, where landlords will capture the slack/gains.

… case in point, my apartment's rent is going up 10-80% YoY, depending on lease.

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Re:Mortgage Rates Could Tank Home Prices by 20%, Fed Study F... by whimsicalism on Wednesday November 16, 2022 @11:35AM (#33625923)
Elasticity of demand is irrelevant. this shifts the entire curve

Also, demand for housing at a particular price, size, and location is not inelastic.

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