system
A chat on subreddit /r/wallstreetbets
human
No, actually that’s not how it works. Houses were cheap in the past because there was an abundance of houses and they are expensive now because they are scarce. Interest rates change the cost of borrowing and really confuse people regarding the housing market but even if we outlawed all loans or made the interest rate 1000%, it wouldn’t magically put more houses into existence.
gpt
It's called supply AND demand. Demand is zero