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philosai t1_jaaoies wrote

Reply to comment by Acocke in ‘A housing market for almost no one’: Rising prices and interest rates have made home buying feel impossible - The Boston Globe by uxd

The problem is that people with money will buy up all the houses. And the boomers that own a home will be leaving it to their children who will either hold it, rent it, or sell it for as much as possible. Not at the price point they want to sell it at? Hold or rent

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Acocke t1_jaapkwd wrote

Rent it to who? Pay property taxes with what? And those children will be selling it to whom? The point is that demand could very well dry up considerably and it will become a buyers market.

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3720-To-One t1_jab25zi wrote

I’m sure private equity will be happy to buy everything up on the cheap

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whoeve t1_jadjbsu wrote

"could"

Nothing has shown that it's going to dry up. Still insane levels of demand even with the price + rate increases.

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