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America's housing shortage is keeping home prices high
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this post was submitted on 20 Jun 2023
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Completely reversed cause and effect. High home prices are causing the housing "shortage"
What do you suppose causes high housing prices then?
Corporations buying them up to rent out is my speculation, between that, people attempting to flip them, and just regular home buyers, it's making for a very low amount available which causes prices to be high, and new houses aren't being built fast enough to keep up.
I live in an older neighborhood and at least 50% of every house that has gone on the market since we bought in 2019 has been sold to flippers and listed for $200k more 3-6 months later. I can't believe how much they have driven up prices in the area.