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A comment on U.S. Home Prices Are the Most Unaffordable They've Been in Nearly 100 Years. Parent comment

Re:U.S. Home Prices Are the Most Unaffordable They've Been i... by icelancer on Sunday March 26, 2023 @03:33AM (#35312015)
> Sitting on a home with 2-3% interest is all well and good, until the value drops and you’re sitting on a much worse asset.

What is the mechanism of action that causes the value to drop?

[ Parent | on HN ]
Re:U.S. Home Prices Are the Most Unaffordable They've Been i... by ac29 on Sunday March 26, 2023 @12:59PM (#35316677)
Higher interest rates mean lower house values.
[ Parent | on HN ]