Birdwatch Note Rating
2024-04-26 02:09:50 UTC - HELPFUL
Rated by Participant: 5CA526693509F9FA21E27C0D9DC751204B12212737447ECB9F46FE9AEF72F2F4
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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