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2nd order effects are brutal ๐Ÿ’€

Yes but isn't that exactly the thing? Boomers bought houses early when prices were not that crazy yet and they (most of the 60-70%) were able to pay off the initially lower loans

And since loans have increased and driven up prices continually they dont want to sell them & young people can't afford to buy them anyways thus only 1-2% turnover?

Thx!

Hm yes, and in the beginning people did that, but today at least where I live almost no one will ever be able to pay off their morgage ๐Ÿ˜…

Yes, but as the need for shelter is so fundamental I think there will always be people willing to take out a loan and thus prices will probably stay high and enslave them ๐Ÿค”