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@zx10guy you see demand rising. Do you also see supply rising? I haven’t seen it, until 2018 or 2019, and then only slowly. Principal dwelling singe family homes have been under built since the GFC. Today is the perfect storm if you earn a living selling principal dwelling single family homes.
Demand will even out because it’s tied to population growth. Interest rates won’t change the fact that people need a roof over their heads.
Supply in term of home construction needs to accelerate, I see this as a major factor explaining today’s prices. Supply.
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