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Message
re: Current Housing Prices
Posted on 3/12/22 at 8:20 am to weagle99
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.
1
Posted on 3/12/22 at 10:35 am to HouseMom
quote:
The market right now is "insane" right now as there is a true housing shortage.
Which means the supply is low while demand high...which isn’t insane.
Why can’t 2022 Americans use any other word to describe things? Oh yes they can: Crazy!
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