Jun 29, 2022
10:01:31am
10:01:31am
Maybe a short term (small) dip, but supply is too constrained for a crash.
People need a place to live. If people stop buying houses, they will have to rent instead. Rents will sky rocket, which will make home buying more attractive to both home owners and investors, driving up prices.
Also, unless you are selling your house right now, I don’t see how the high interest rates make a difference. Even if prices went down 20%, my current monthly payment is probably lower than if i re-purchased my home.
Also, unless you are selling your house right now, I don’t see how the high interest rates make a difference. Even if prices went down 20%, my current monthly payment is probably lower than if i re-purchased my home.
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- VenturaCoug
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- Oct 1, 2014
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- May 1, 2024
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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