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mafiafish t1_j9airjf wrote

Reply to comment by Dekkars in Sorry to the NHer’s who wanted to stay! by 603ify

While I'm skeptical of an imminent crash, US consumer debt it ratcheting up very quickly, so some of the conditions are there if folks' mortgages are up for renewal and new rates +general inflation pressures make some houses suddenly unaffordable.

Still, doesn't seem like that would be a huge swath of NH housing stock.

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FatherOfTheVoid t1_j9d4kr7 wrote

>US consumer debt it ratcheting up very quickly

Maybe this will push prices down over time. I suspect its impact will be limited due to landlords, especially corporate ones. I don't think they have many incentives to sell their property.

I'm taking out of my ass a bit, because I don't know how much of the US, or NH housing marking its controlled by mom-and-pop landlords, or corporate landlords.

My biggest hope is that high prices incentivize builders to produce more housing, assuming NIMBYs can get out of the way.

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