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Message
re: credit bubble vs house prices
Posted on 5/10/24 at 5:39 pm to SDVTiger
Posted on 5/10/24 at 5:39 pm to SDVTiger
Just check out this link
US Median home price
I still don't think people realize even if interest rates drop 1%, the average to quasi upper middle class American still can not afford these homes. There is no one waiting on the sidelines as those like to say for meager drops. They are waiting for major interest rate drops and housing price corrections.
Many are okay with renting until it happens as it is still cheaper.
US Median home price
I still don't think people realize even if interest rates drop 1%, the average to quasi upper middle class American still can not afford these homes. There is no one waiting on the sidelines as those like to say for meager drops. They are waiting for major interest rate drops and housing price corrections.
Many are okay with renting until it happens as it is still cheaper.
This post was edited on 5/10/24 at 5:41 pm
1
Posted on 5/10/24 at 6:42 pm to Saunson69
quote:
Just check out this link
What about it?
quote:
I still don't think people realize even if interest rates drop 1%,
There will be 5mil new potential buyers. You are crazy to think they wont buy
quote:
They are waiting for major interest rate drops and housing price corrections.
Many are okay with renting until it happens as it is still cheaper.
Looks like they wont be owning a home and will have missed out
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