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2025-08-29 18:49:14 UTC
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Andii אַנדִֽי on Nostr: Though if that was the situation, lots of sellers in a proper market would bring ...

Though if that was the situation, lots of sellers in a proper market would bring house prices down as that is the normal market effect of a growth in supply relative to demand. That would open up the possibility that more people could afford a mortgage, surely? Maybe many more.
Taking things to more like the situation in the 1970s when a house cost c.3x annual income rather than 8x.