News for hackers. Stuff that matters.

A comment on The Rise of the Forever Renter Class. Parent comment

Re:The Rise of the Forever Renter Class by phkahler on Tuesday May 07, 2024 @02:27PM (#40289624)
>> Ironically, "building more housing" still solves this problem.

Raising interest rates may help too. How many of those purchases are financed? I'm guessing a lot. The commercial side got screwed when they needed to refinance underperforming properties at higher interest rates.

[ Parent | on HN ]
Re:The Rise of the Forever Renter Class by loeg on Wednesday May 08, 2024 @12:26AM (#40294331)
Builders rely heavily on financing, so high interest rates hurts the supply side too.
[ Parent | on HN ]