[aurareturn]

It's very similar to the US housing market, which is frozen with the fewest homes exchanging hands in at least 30 years.

Sellers don't want to sell because most of them are sitting on less than 3% mortgage rate. If they sell and buy a new home now, they'll have to pay 7%.

Buyers don't want to buy because of the 7% mortgage rate and the drastically higher housing prices since covid.

I think the job market is very similar to the housing market. People don't want to leave because no one is hiring. New people can't get hired because no one is leaving.

[whatever1]

For the job market, there is a solution, pay more and they will come to you. It's just now it's more difficult to make the case because companies have completely eroded the trust to them, aka you cannot lure one with the prospect of career growth, as you will likely lay them off in 1 to 2 years.

Masks have fallen, it's pure barbarism now. Enjoy.

[aurareturn]

The solution is lower interest rates - for both markets.

[red-iron-pine]

nah artificially low rates is how we got here in the first place.

it's like a junkie who is dope sick being desperate for more dope. that eases the pain in the short term but doesn't fix the problem -- real adjustments need to happen.

[aurareturn]

If the goal is to thaw the housing market and job market, then lower interest rates is basically the only lever.

If your goal is to not to have a frozen market in the future, then you can do what you said.

Depends on what goal you want to achieve.

[toomuchtodo]

Lowering interest rates will push house prices up even further and stoke inflation.