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Re:Home Prices Fell in February for First Time in 11 Years by rr808 on Wednesday March 22, 2023 @01:10PM (#35264073)
It doesn't work that way because if house prices dropped 10% people would just buy bigger/nicer houses. Houses today are so luxurious today, granite countertops, ducted A/C, beautiful wood floors its just become normal.
Re:Home Prices Fell in February for First Time in 11 Years by jeffbee on Wednesday March 22, 2023 @01:17PM (#35264154)
The fact that people still associate stone kitchen counters with "luxurious" is a holdover from 50 years ago when homes were actually affordable. When houses cost $25k, a $50 stone was a substantial expense. Now it doesn't amount to anything. Nothing about the modern American home market is in any way influenced by the marginal cost of slightly nicer materials.