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Comments by "" (@brn2863) on "REDFIN CEO: We Are Taking a LARGER piece of the Housing Market" video.
It's such a joke how they keep talking about how much equity people have in their houses. Yes, a lot of people do, but the most popular mortgage product has been cash out refinance. Lots of people have already blown their equity on other things.
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CEO seems very nervous there.
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@Jeff__M No they wouldn't. Loads of people would just live together with more people or live with family. Tons. They'd do that before paying an insane rent price, and the fewer people in the market for rentals, the harder it is to rent out, the more downward pressure there is. Rents fell last recession, and there is no reason to think it won't happen again this time. (They also rose significantly last time, before falling.)
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