Let me say first that the US Housing and Banking market cannot be summarized in a few paragraphs, but:
Actually prices have gone down across the rural USA, but monthly payments are the same or higher than before Covid, ever since the Rate Hikes started. If family homes aren’t being treated as monetary assets to store wealth overseas, then maybe somebody might actually live in them and slowly build equity, and in that vein the supply for homes increases along with a decrease in demand, so if you’re concerned about the price of homes then you should still celebrate this lower number of foreign buyers. In fact, I guarantee you that the high rates of homes affects civilians a lot more than Investors and Banks, the latter can afford to purchase outright, so that’s definitely not a cause for this situation.
Let me say first that the US Housing and Banking market cannot be summarized in a few paragraphs, but:
Actually prices have gone down across the rural USA, but monthly payments are the same or higher than before Covid, ever since the Rate Hikes started. If family homes aren’t being treated as monetary assets to store wealth overseas, then maybe somebody might actually live in them and slowly build equity, and in that vein the supply for homes increases along with a decrease in demand, so if you’re concerned about the price of homes then you should still celebrate this lower number of foreign buyers. In fact, I guarantee you that the high rates of homes affects civilians a lot more than Investors and Banks, the latter can afford to purchase outright, so that’s definitely not a cause for this situation.
Lower prices are better prices. The idea that a person could buy a house and flip it for double within a decade is ridiculous, and harms the country.