We're never getting affordable housing again, are we?
>>61674413High mortgage rates means less investors and prices coming down.
What? Housing becomes relatively cheaper the higher rates go. It's why boomers could buy housing so cheap, because rates were 20% and the cost to mortgage a house was like 500% of the total cost of the house over the mortgages lifetime
>>61674432>>61674424>>61674413I can by almost any house I want with a 50 year mortgage
>>61674413Just build more housing
housing prices going down tho
>>616744131 month treasury yield still absolute garbage, fuck this nigger country.
>>61674439We aren't, however
>>61674439>normcattle immediately bid up the price to $600k with borrowed money
>>61674458Where the hell do you expect it to be? What does a healthy curve look like to you?
Move into a van
>>61674467>what is supply and demand
The only thing floating prices is the lack of transactions. The market is illiquid. People can't afford to move.
>>61674492something which is easily distorted by excess credit availability.
>>61674413You have affordable housing available right now, you just pretend it doesn't exist, because what you want isn't affordable housing, what you want is a cheap mcmansion in a gated community near a 1st rate public school system with a trader joe's within walking distance.
>>61674432>>61674424boomers wont sell their homes until theyre dead then...most of them HELOC'd and are probably underwater if values adjust properly
>>61674413>housingThey will simply change the idea of "housing" all together. They don't even want you owning a computer nigger.
>>61675741>Just move to the middle of bumblefuck Alabama.>It's not my problem if the population is declining, employment is trash and the dating pool shares the same genetic origin point from Cletus
>>61675741>I am very smart and couldn't help but notice that you don't want to live in a bad place, you want to live in a good place, and more than that, through the might of my intelligence I have deduced that to live you don't need a house at all, I see homeless people on the street all the time and they are obviously alive, and some of them are smiling, thus proving that all of you are hypocrites who simply pretend that you need housingkek
>>61676520I mean he's not wrong, housing is "unaffordable" because people demand shit affordable housing never really had
our societies are run by boomersThe president is 80 years old>>61675741>just go move somewhere noone wants to live haha
>>61674424>fell for it again award
>>61674413Only for those who survive WW3
>>61674413the population of the usa is shrinking. so it is a pool of owners/sellers appealing to a smaller pool of prospective buyers.prices will go down as there is too much supply.>no my house is so valuable! zillow says so!>no i can sell my house right now for a million dollars! let me show you how liquid the market is!lol
>>61676900Affordable housing used to be surrounded by white people though
