> Reducing prices requires increasing supply Or reducing demand, as GP said, fro... | Hacker News

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		sofixa on July 15, 2023 \| parent \| context \| favorite \| on: Homebuyers must ‘learn to live’ with near-7% mortg... > Reducing prices requires increasing supply Or reducing demand, as GP said, from companies withdrawing from the market.

bhawks on July 16, 2023 [–]

2/3rds of single family housing is owner occupied. Half of the remaining are owned by 'mom and pop' landlords.

So being very generous, maybe 10% of the supply is really counting on price appreciation versus income.

If demand withdrawals, supply will as well.

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