Jun 27, 2020, 1:40 AM

@GreenFlashlight said in Real World Peeves, Disgruntlement, and Irks.:

Possibly unrelated, but I've been hearing people refer to the (local) housing market as a seller's market due to the pandemic, and I don't understand how the seller has all the power when so few people have the means to buy.

Part of the issue is the availability of money. A lot of people stopped looking for loans due to the COVID-19 scare. Lenders make money through loans, so they lowered interest rates to attract borrowers.

The other part is the paucity of housing. Although construction shouldn't have stopped, the financial uncertainty has ground development to a halt. With less new construction happening, the existing housing market is drying up.

Put them together, and you have a seller's market.