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re: Housing prices and Interest rates
Posted on 10/12/23 at 10:53 am to Thundercles
Posted on 10/12/23 at 10:53 am to Thundercles
The real issue will be everyone sitting in their homes with a 3% interest rate, and not willing to leave it unless absolutely necessary. Builders won't be able to keep up with demand when rates drop to 6% or so, 6% is enough to get people off the sidelines, but not enough to get the people out of their houses at 3%.
2
Posted on 10/12/23 at 12:10 pm to themasterpater
if builders don't want to build any houses, then how do they make any profits. Also, won't they lose all their subcontractors that need to find other lines of work to feed their families. solution - seems like builders just have to take far less profits per house to compensate for higher interest rates. less profit > no profit.
Posted on 10/19/23 at 11:58 pm to themasterpater
quote:
The real issue will be everyone sitting in their homes with a 3% interest rate, and not willing to leave it unless absolutely necessary. Builders won't be able to keep up with demand when rates drop to 6% or so, 6% is enough to get people off the sidelines, but not enough to get the people out of their houses at 3%.
thats me baw
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