Hacker News Reader

(also seems kinda weird to measure this with black Friday sales... Which could simply be an indicator of people trying to get further with the money they have by spending less during non sale periods. But I assume there's more evidence than what's at the top of the article.)

View on HN

Do people actually wait for black friday to buy a house?!

No, but consumer spending on black Friday is the top-line metric reported in the article.

And my point is that not spending on houses (combined with the bonus of fixed rate mortgages for those who got them before the rate hikes) means there's more cash around for so called "Yolo" expenditures.

No, however, Australian housing rent prices are now higher than mortgage repayments in some areas due to housing availability.

Also, those who have paid off their house, have been profligate during the recent sales.

The timing are co-incidental, but the media loves mixing correlation and causation.

Reply on news.ycombinator.com