Why Owners & Renters Alike Would Benefit from a Housing Market Cooldown
The Money with Katie Show
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Is There a Sentiment That Drives Home Prices Up?
A sentiment, a narrative of scarcity, helps drive housing prices up, along with cheap lending. A home's monetary value is directly id to its perception of desirability to a pool of qualified buyers. If you build a gorgeous home ten feet from a major expressway, surrounded by nothing but corn fields and 18 wheelers, that home is going to be less valuable monetarily than if you built the exact same one on a beautiful lot in a great part of town. The national housing markets prices can only continue to rise if we'll call them qo, regular people are willing and able to pay more for a house. And as more people get priced out, your pool of buyers shr
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