Comment on Home sales are down. So why are prices at an all-time high?

<- View Parent
shortwavesurfer@lemmy.zip ⁨1⁩ ⁨week⁩ ago

This, the fact that we have a fiat currency, causes scarce items to be more valuable than they otherwise would be as a savings vehicle, and not as a utility.

On a hard money standard, housing would not be nearly this overvalued because the money would hold its value properly.

source
Sort:hotnewtop