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A comment on Chongqing, the Largest City – In Pictures. Parent comment

Re:Chongqing, the Largest City – In Pictures by graemep on Sunday April 27, 2025 @10:41AM (#43812288)
The main reason for high prices is not shortages, its low interest rates.
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Re:Chongqing, the Largest City – In Pictures by surajrmal on Sunday April 27, 2025 @12:09PM (#43812912)
Interest rates have gone up and housing prices haven't changed much. The average monthly mortgage payment for 20% down 30 year fixed mortgages have shot up though. Something makes me feel like it's not just interest rates.
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Re:Chongqing, the Largest City – In Pictures by GoatInGrey on Sunday April 27, 2025 @11:45AM (#43812718)
It's remarkable to see how intuitive supply and demand laws are for many individuals until it comes to one particular market: housing.
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Re:Chongqing, the Largest City – In Pictures by graemep on Sunday April 27, 2025 @02:24PM (#43814020)
Are you being sarcastic? Housing is a good example of how people fail to understand supply and demand. People usually talk as though supply and demand are fixed quantities rather than curves against price.
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Re:Chongqing, the Largest City – In Pictures by triceratops on Monday April 28, 2025 @12:28PM (#43823243)
It's both.
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