House Prices Rise 27% From Last Year

23 Jul 2021 08:56 #1 by FredHayek
Huge gains! Part of the increase has to be due to the pandemic. People just held off doing stuff last year. And part of the demand for homes has to be due to cramped apartment dwellers wanting more space and fewer shared walls. And part has to be due to inflation. Hopefully the market corrects. How can young people afford homes when prices jump like this?

Thomas Sowell: There are no solutions, just trade-offs.

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24 Jul 2021 13:34 #2 by homeagain
OH, the market will correct, when the banks want their money(moratorium on rent/mortgages)and SHORT
SALES,judgements,liens and foreclosures start down the tunnel of houses that r delinquent and people
find it impossible to "get even" on their debt.

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24 Jul 2021 20:58 #3 by FredHayek
LOL, not having to pay for rent for months might help them afford the down payment! Or drive up the prices of current inventory. #inflation

Thomas Sowell: There are no solutions, just trade-offs.

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