Jun 29, 2022
9:33:38am
9:33:38am
2008 was a total anomaly. Today is nothing like 2008.
People are buying homes these days to live in using cash or conventional mortgages. Hardly anyone is flipping homes these days.
In 2008 people bought homes they never planned to live in using junk mortgages.
Sure there will be a price correction. That's not that abnormal. But people aren't going to walk from their homes en masse like in 2008 (it was actually 2006 that it started)
In 2008 people bought homes they never planned to live in using junk mortgages.
Sure there will be a price correction. That's not that abnormal. But people aren't going to walk from their homes en masse like in 2008 (it was actually 2006 that it started)
Originally posted on Jun 29, 2022 at 9:33:38am
Message modified by Jay Kay on Jun 29, 2022 at 9:35:52am
Message modified by Jay Kay on Jun 29, 2022 at 9:36:18am
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- Jay Kay
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Messages
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It sure seems like (in my uneducated option) that the housing market could get really bad, really fast.
6/29/22 9:08am
6/29/22 9:13am
6/29/22 9:17am
6/29/22 9:20am
6/29/22 9:33am
One thing that could save a lot of people is remote work and there being less need to sell a home and move for new work.
6/29/22 10:00am
6/29/22 10:42am
6/29/22 10:13am