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A comment on US Housing Affordability Hits Worst Point in Nearly Four Decades. Parent comment

Re:US Housing Affordability Hits Worst Point in Nearly Four ... by mlinhares on Monday August 21, 2023 @02:14PM (#37213286)
There's also the fact a lot of people got a really good interest rate on their homes and will not get anything like that if they decide to sell (i got under 3%, not a chance I'm entering the market again at 7%) so the actual amount of not-new homes available in the market is very low.
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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by harambae on Monday August 21, 2023 @07:48PM (#37216825)
>not a chance I'm entering the market again at 7%

If you're not buying another house, how does that change the net availability? You're not buying or selling.

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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by mlinhares on Monday August 21, 2023 @09:16PM (#37217395)
That's exactly the issue, there would usually be a considerable amount of people in the market moving to bigger homes, changing neighborhoods, downscaling, but right now if you have a low rate loan it would be insane to give up your loan and pick one with the current rate, so these people generally left the market.

This odd lots episode is a pretty good discussion on the whole subject: https://www.bloomberg.com/news/articles/2023-07-24/how-the-h...

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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by harambae on Tuesday August 22, 2023 @02:34PM (#37226819)
I bought my last car 13 years ago and wanted to upgrade during Covid but didn't (after prices went up a bunch). Didn't sell my existing car, didn't buy a new one.

So, by your definition, did I contribute to the auto shortage?

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