Posted 9/11/2021 12:43 (#9214629 - in reply to #9214489) Subject: You’re forgetting the key driver of real estate prices
Texas, the really flat part
When most folks buy a house the main concern is what the monthly payment will be. With a decent credit rating a person get an extraordinarily low mortgage rate and can buy a hell of a lot of house these days. That’s a big reason, the main reason real estate prices are up. They don’t even worry about the price of the property, only if they can cash flow the payments. Then there are the Wall Street speculators who now are buying residential properties too.