Birdwatch Note Rating
2024-04-26 07:33:06 UTC - HELPFUL
Rated by Participant: D33298FDD81580BCD5BB5296BB7F40D122393C80120EE776E4DF3F9EBA1D487E
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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