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Started By
Message
re: Current Housing Prices
Posted on 3/12/22 at 7:25 am to KwoodTiger
Posted on 3/12/22 at 7:25 am to KwoodTiger
quote:
Real estate prices remain insane
There’s that word again.
What exactly is ‘insane’ about items in high demand with limited supply costing more?
Put another way, if there were 1 billion houses in Austin and the prices were very low due to a large supply, would that also be ‘insane’?
2
Posted on 3/12/22 at 7:49 am to weagle99
quote:
Put another way, if there were 1 billion houses in Austin and the prices were very low due to a large supply, would that also be ‘insane’?
Yes.
Posted on 3/12/22 at 8:20 am to weagle99
quote:
Put another way, if there were 1 billion houses in Austin and the prices were very low due to a large supply, would that also be ‘insane’?
Yes, because then people would be foreclosing or going bankrupt left and right due to not enough buyers. The market right now is "insane" right now as there is a true housing shortage.
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