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A comment on Americans Are Still Spending Like There’s No Tomorrow. Parent comment

Re:Americans Are Still Spending Like There’s No Tomorrow by westcort on Monday October 02, 2023 @09:48PM (#37746953)
Companies are buying houses at inflated rates with the expectation that cash will lose value due to further inflation. To me, this is the only explanation for mass-buying of homes at a premium price even when interest rates are high.
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Re:Americans Are Still Spending Like There’s No Tomorrow by great_psy on Monday October 02, 2023 @10:17PM (#37747134)
Well the other explanation is that you are better of buying than renting.

If rent prices go up faster than house prices, then you might as well buy at any price. Of course this assumes you can afford it.

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