ilmscore | Prediction Details
"if you're building a new home it's "unaffordable because the construction "costs are very high and then once it's "constructed you got to borrow money now "the the home builders have been buying "down the "mortgages "but that in effect reduces "the price that they're getting for their "homes"
By Minority Mindset | April 23, 2024 | Pending
From video
ECONOMIST WARNS: A Great Depression Is Coming In America | Peter Schiff x Jaspreet Singh 00:58:35 - 00:58:53
Interpreted Prediction
High construction costs and the need for builders to subsidize mortgages make new home purchases unaffordable and reduce builder profit margins.

Prediction Details

Topic
Home Prices

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