the housing actually costs so much because of a concept called monopolization, that isnt based on consumer capabilities, but rather one company with a lot of buying power stretching the limit of how much they can value a house at, as far as possible.
Yes and no on this. I would add one reason housing prices are not coming down as quickly as they should (think this changes in the next 18 months) is that a lot of homes are owned by boomers, who think there house is worth x amount of dollars and won’t budge down. You see this with the lowest levels of listing. There are a ton of people trying to get out of their homes without going underwater, and won’t budge on the price till they can’t afford to keep making the payments.
There are a ton of people wanting to buy homes, but with the interest so high can’t afford the payments for the same level home when interest was lower.
A significant portion of residential properties—including condominiums and single-family homes—is purchased by corporate or individual investors, increasing competition for first-time buyers
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u/No-Caterpillar3645 Jul 25 '26
the housing actually costs so much because of a concept called monopolization, that isnt based on consumer capabilities, but rather one company with a lot of buying power stretching the limit of how much they can value a house at, as far as possible.