these dynamics create an incentive for further upward price pressure: ➖ purchase prices raise due to low rates and ample financing ➖rent prices raise because purchase prices become too high
i've previously written an article about what makes real estate so special in terms of funding/re-funding capacity banks finance ≈75% LTV on real estate purchases, and you can use existing properties as additional collateral 🧵read it here: https://illya.sh/threads/@1757632740-1.html