• jet@hackertalks.com
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    2 days ago

    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.

    • Moonbunny@piefed.blahaj.zone
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      1 day 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.

    • Archangel1313@lemmy.ca
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      2 days ago

      Yeah, it’s really bizarre that they mention “affordability”…but then blame it on high interest rates instead of ridiculously high prices.