Birdwatch Note Rating
2024-04-26 04:38:29 UTC - HELPFUL
Rated by Participant: 22F86BE1FD9DDDA2EBF9EEDBD3775CF8DF39CA3CC8D006763DADEE6724FDE83B
Participant Details
Original Note:
Housing prices are set at the point where supply meets demand and it's market participant's willingness to pay. https://www.lse.ac.uk/study-at-lse/online-learning/insights/how-does-supply-and-demand-affect-the-housing-market#:~:text=Although%20both%20the%20supply%2D%20and,where%20the%20market%20exchange%20happens. The current housing crisis is being driven by a too-low supply being sought after by high levels of demand. Currently America is short about 3.2 million homes. https://www.axios.com/2023/12/16/housing-market-why-homes-expensive-chart-inventory
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