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[–] 15 points 1 year ago (3 children)

Healthy markets clear

If sellers can't sell, the price is too high. A healthy market lowers the price until things sell. What we have is a group of people who have a set price they want, but they can't get it, so they refuse to sell. That is not a healthy market

What I'm surprised this article doesn't mention, is the prices are too high otherwise they would be selling.

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  • [–] 3 points 1 year ago

    Just looking at the site for a hot second, they stand to benefit greatly from increasing housing prices, and I highly doubt home builders would want to do anything to bring prices down where their bottom line is affected.

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  • [–] 8 points 1 year ago

    When you can buy a literal European castle, have money to move and have some leftover just for the cost of a cookie cutter house than yeah house prices are way too fucking high and people shouldn’t and won’t be paying for them

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