Hacker News new | ask | show | jobs
by lowbloodsugar 1 day ago
Higher interest rates mean buyers can afford less house for the money. House prices go down. Boomers get mad.
1 comments

You're sure house prices are elastic here?
They are slowly elastic. The only way to speed up the re-pricing is a recession where people lose their jobs and are forced to sell. Otherwise, it's mainly young people entering their first house phase that get impacted - which is exactly what we've seen.