By Dr. Jim Dahle, WCI Founder

Housing is unaffordable. This is the new chief complaint of our society. It used to be that healthcare was unaffordable. That problem wasn’t fixed; it’s just that the housing issue became a bigger deal in the last few years. The price of housing soared due to low supply and a few years of very low interest rates, and that has now been combined with high interest rates without an accompanying decrease in prices. That, at least, is what most people think and most pundits say. I think they’re wrong.

I mean, they’re not completely wrong. The supply issues caused by builders not building at all for a few years after the 2008 Global Financial Crisis and the COVID-related supply shortages are very real. The demand issues caused by the ability to borrow money at ridiculously low, sub-inflation rates are also very real. But

Keep reading this article on The White Coat Investor.

Leave a Reply