Mar 8, 2022
9:37:24am
9:37:24am
It depends on rental rates. If interest rates rise then rental rates will shoot
up. Those that locked into low interest rates would be able to rent their homes and cover their mortgage before defaulting if they lose their job. People are going to be very reluctant to give up a loan with a 2.5% interest rate. This means very few homes will come onto the market and keep prices up. If there is a big recession and rent rates comes down that is a different story. Rent rates didn't really decrease during the 2008-2010 crash so don't think they will this time but we will see.
Originally posted on Mar 8, 2022 at 9:37:24am
Message modified by johnnybyu on Mar 8, 2022 at 9:38:12am
Message modified by johnnybyu on Mar 8, 2022 at 9:38:40am
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3/8/22 9:02am
3/8/22 9:05am
3/8/22 9:14am
The reason they say that is because they don't know any better and just want to sell homes. Come on now. Ragnar is right
3/8/22 9:16am
There’s only a lack of inventory relative to a given amount of demand. When people cite a shortage as a reason prices
3/8/22 9:35am
3/8/22 12:02pm
3/8/22 1:07pm
3/8/22 1:38pm
3/8/22 2:49pm
3/8/22 3:01pm
3/8/22 9:57am
3/8/22 9:20am
I think people are sitting on a lot of equity in their homes. They may have mortgaged to the max when they bought but
3/8/22 9:27am
3/8/22 9:31am
3/8/22 9:51am
3/8/22 10:51am