Renee Lossia Acho explains why homeowners in service jobs and small businesses aren't moving up: they lack the disposable income to upgrade. When people stay put, inventory shrinks and prices get stuck at every level of the market.
Chapters
So a lot of people are recycling the space they have and staying put. And a lot of what has also been not great is I think that we've been hit. I think that some of the service industries, you know, restaurant owners, bartenders, salons, people who maybe don't have the. The disposable income to go, and. And we're putting, you know, even smaller shop owners and small business owners who don't have the money necessarily to make that jump anymore to the next level. They're staying put in their price point of their home. And then that's not opening up inventory. That's then moving up and up and up the chain. So you have sort of an odd, like, almost bottleneck in an inventory where it's net people aren't necessarily freeing up the price. The homes that they have.