[lotsoweiners]

> 2. Inventory (houses that are for sale now, not just total stock) is at historical lows. This is bc of interest rates going higher - nobody who has 3-4% fixed rate locked in will sell (until they have to). The shortage that people refer to is not a shortage in homes that exist, it’s a shortage of homes for sale.

This is a way bigger than non-homeowners realize and is keeping prices high. I would love to sell my midsize (slightly under 2500 sq ft) for something around 3500 sq ft and maybe a little bit bigger lot. I’d pay something like an additional 50% over my existing mortgage for a property like that. Online mortgage calculators show that I’d pay around 2x-2.5x for that property now. I know play the worlds smallest violin for me but this affects people downstream who are looking to become homeowners.