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A comment on Priced out of home ownership – 'It makes me want to throw up'. Parent comment

Re:Priced out of home ownership – 'It makes me want to throw... by matwood on Monday May 27, 2024 @06:39PM (#40495457)
> Higher rates don't do anything because incumbent owners simply pull houses off the market to wait it out.

You need a recession.

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Re:Priced out of home ownership – 'It makes me want to throw... by abenga on Tuesday May 28, 2024 @02:39AM (#40497988)
Do lower house prices in a recession matter if no one has money, and everyone is being laid off from work? I feel like no one, except the very rich, benefits.
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Re:Priced out of home ownership – 'It makes me want to throw... by matwood on Tuesday May 28, 2024 @07:29AM (#40499642)
Unfortunately recessions and job losses are how you get lower prices. You need forced selling. As long as we're labor constrained with a hot GDP, people with a house and low rate will continue living their best life.
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