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What's the Effect of Supply and Demand on Real Estate Prices?
There have been a slo kind of anecdotal reports that people are moving away from cities where the cost of living is high. I would suspect, therefore, that housing prices are actually a function of labor and what people are paid. That's a whole other factor on supply and demand, which i don't think any of the three of us can really predict. But it's defling of to change. And before it's like, well, i can't move because my job is here, my family is here. But oh, now i can buy a hundred times more....