re: Housing prices and Interest rates

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Aren’t we at least 5 or so years away from adequate inventory catching up with the demand?

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That's optimistic. I believe I read we were millions of homes behind a decade ago and it was widening.

I think the problem is builders don't want to build because future interest rates, costs, and sales are so unpredictable. They also don't want to build low to middle tier houses because they get more bang for their buck from the massive high end ones (just like auto manufacturers and 80k SUVs).