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Housing shortage due to demand? But do people really want to move? Or they are just taking advantage of interest rates?

I'm 27 years old and the majority of my friends that are buying love to note how "interest rates are so low, it's a great time to buy"

I understand there are many, many, factors at play here... but if interest rates go higher, I don't know that this same crazy high demand in sustainable.

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In fact, I think it's possible that once we get a grip on COVID, people start going back to work, and government raises interest rates --- we will see demand drop

submitted by /u/JamonRuffles17
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source https://www.reddit.com/r/RealEstate/comments/mhjy1b/housing_shortage_due_to_demand_but_do_people/
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