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by serf 804 days ago
here's some US numbers. The situation is similar in most developed countries, if you care enough go search out those numbers.

https://dqydj.com/historical-home-prices/

https://dqydj.com/historical-home-affordability/

affordability is decreasing, home prices are increasing, dollar buying value is decreasing.

it's not really some mysterious phenomena, financial analysts have been implying that the interest rates would cause most of this behavior for 10+ years at least.