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A comment on Can the West’s perplexing employment miracle continue?. Parent comment

Re:Can the West’s perplexing employment miracle continue? by selcuka on Sunday March 05, 2023 @11:32PM (#35037535)
> If DINKs can't afford it, what does that tell you about the direction housing prices will go?

The ones with capital will buy them, and you will be renting.

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Re:Can the West’s perplexing employment miracle continue? by refurb on Sunday March 05, 2023 @11:42PM (#35037590)
Clearly not since housing prices are falling due to affordability.

And if you look at the capital buying up houses, it's a tiny fraction of all available housing out there.

The correct answer is - just like when housing prices went up with low interest rates, they'll go down with high interest rates.

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Re:Can the West’s perplexing employment miracle continue? by roflyear on Monday March 06, 2023 @08:36AM (#35040776)
Housing prices are not falling.
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Re:Can the West’s perplexing employment miracle continue? by refurb on Monday March 06, 2023 @06:25PM (#35049323)
Yes they are.
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Re:Can the West’s perplexing employment miracle continue? by swexbe on Monday March 06, 2023 @03:45AM (#35038848)
Seems like a pretty risky investment. Especially as fewer and fewer people will have anything to gain from the NIMBY policies artificially increasing prices.
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Re:Can the West’s perplexing employment miracle continue? by humanrebar on Monday March 06, 2023 @06:07AM (#35039639)
The market (and NIMBY regs) can stay irrational longer than you can stay housed.
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Re:Can the West’s perplexing employment miracle continue? by selcuka on Monday March 06, 2023 @07:40PM (#35049974)
Historically speaking, investing in property/land has never turned out risky. Initial cost has little significance in total profit calculation as long as you can seek rent indefinitely.
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