Re:Why a global recession is inevitable in 2023
by imtringued on Sunday January 01, 2023 @06:39PM
(#34212409)
>Then everyone - the sellers, the agents, even the bank - push you to borrow the max allowed and spend it.
That only applies if housing demand exceeds supply because buyers are competing. When sellers compete they try to reduce the price to cost plus profit where the profit is no lower than 3-5% because at some point other industries pay more.
That only applies if housing demand exceeds supply because buyers are competing. When sellers compete they try to reduce the price to cost plus profit where the profit is no lower than 3-5% because at some point other industries pay more.