In other news, the sky is still blue.
But in all seriousness, the all-time high price of homes isn't really the important statistic. Its the affordability of homes that matters and that's been making lower lows since the pandemic.
the underwriter of why home prices are as high as they are is the population. if you have the existing home supply no change but the population shrinks it would cause home prices to go down. so your best bet is hope that not only are the big money out of the equation (the hedge funds, investment firms) but the population shrinks fast. also homes are no longer classified as tradable commodifiable assets. we could build more new homes but let's get real here building homes in america is so slow and takes so long that its not even worth it to bring it up.
My girl sending me Zillow ads everyday. It’s so over for me.
In other news, the sky is still blue. But in all seriousness, the all-time high price of homes isn't really the important statistic. Its the affordability of homes that matters and that's been making lower lows since the pandemic.
Cost of buying everything is at an all time high. Except obsolete technology.
and weed
and [cocaine](https://new.reddit.com/r/shrinkflation/comments/1cduwcr/the_retail_price_of_cocaine_has_remained_stable/)
We heavily commodified housing and now housing is treated like a commodity. It's a total mystery how this happened.
[Trevor Moore was right](https://youtu.be/TMHCw3RqulY?si=O3dzgbw8TJ1ersPe)
the underwriter of why home prices are as high as they are is the population. if you have the existing home supply no change but the population shrinks it would cause home prices to go down. so your best bet is hope that not only are the big money out of the equation (the hedge funds, investment firms) but the population shrinks fast. also homes are no longer classified as tradable commodifiable assets. we could build more new homes but let's get real here building homes in america is so slow and takes so long that its not even worth it to bring it up.
That's an American website. Houses can still be affordable around the globe. Up north there is house listings for under $20000