BetterMeThanYou t1_izy7xmn wrote on December 12, 2022 at 6:56 PM Reply to comment by ProfBU in I’m Cornelius Hurley, academic, lawyer, 14-year director of a Federal Home Loan Bank. Ask me anything about the FHLBs. by ProfBU In other words -- the increase in housing prices is driven by speculation and housing as an investment vehicle rather than by immediate demand by people who actually want to live in houses. Permalink Parent 46
BetterMeThanYou t1_izy7xmn wrote
Reply to comment by ProfBU in I’m Cornelius Hurley, academic, lawyer, 14-year director of a Federal Home Loan Bank. Ask me anything about the FHLBs. by ProfBU
In other words -- the increase in housing prices is driven by speculation and housing as an investment vehicle rather than by immediate demand by people who actually want to live in houses.