[danans]

> A place to live and throw a ball around with your kids should not be out of reach for average people on an open market, prices are distorted and if the forces causing the distortion don't get fixed there will be a crisis.

One of the major forces that causes inflation in the market for single family homes is the broadly held desire for "A place to live and throw a ball around with your kids".

This is especially the case in cities that saw huge price increases during the pandemic and now are seeing major price declines as demand dries up.

The medicine, however much it may be needed, is being delivered by making the very people who have the aforementioned desire less able to purchase because of higher rates. It will be a great opportunity for all or mostly-cash buyers, though.