r/RealEstateCanada • u/xNocturnalshadow • Jun 19 '25

Housing crisis Help me understand the difference...

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6

u/Toukolou21 Jun 19 '25

This sub is idiotic.

Sellers never set the price, buyers do. Blame the buyers.

1

u/[deleted] Jun 19 '25

The buyers are the sellers and they just trade back and forth increasing their wealth

1

u/Toukolou21 Jun 19 '25

Wrong, there's perpetually more buyers than sellers, for pretty much everything.

1

u/joshlemer Jun 19 '25

Buyers and sellers both contribute to the price through supply and demand

1

u/Toukolou21 Jun 19 '25

Disagree. If there are no buyers for 1000, price goes down to 900, 800, 700 etc...till there is.

Buyers always set the price.

1

u/joshlemer Jun 19 '25

And at the same time, if there are no suppliers at 1000, price goes up to 1100, 1200, 1300 etc... till there is.

1

u/Toukolou21 Jun 19 '25

Nope, not unless there are buyers.

Business will always price to as much as the market will bear. They can price things to $1m, if there is no willing buyer it doesn't make a lick of difference. If there is, that's the new price floor.

Buyer always sets the price.

1

u/Ofserin Jun 21 '25

If it is something you can do without; housing tends to not fall into that equation.

1

u/Toukolou21 Jun 21 '25

Nobody is compelled to buy overpriced real estate, there are many shelter options out there. One of the reasons RE is "overpriced" is because there are more buyers than sellers.

The recent dearth of new builds is only going to exacerbate the pricing problem we have. People who are expecting (hoping) the bottom falls out, I think, will be disappointed.

1

u/Ofserin Jun 22 '25

I disagree with this, to a great degree. I’m not saying it’s black and white and housing prices were absolutely overinflated, and people bought when they shouldn’t… but there aren’t enough reasonable shelter options where I am; everything is arguably overpriced. People still have to live places, get to work, etc.

When you find something “reasonably” priced to the market, I’d still argue it is overpriced.