Inflation isn't going anywhere so I don't see a massive collapse in home prices anytime soon.
Watch what happens when interest rates go up, which they must. All those potential buyers that can afford to buy your house at $1.1M today at 3.8% can only afford $815,000 at 6.5% - the payments are the same.
> Inflation isn't going anywhere so I don't see a massive collapse in home prices anytime soon.
Watch what happens when interest rates go up, which they must. All those potential buyers that can afford to buy your house at $1.1M today at 3.8% can only afford $815,000 at 6.5% - the payments are the same.
Pay will track inflation to some degree. Unemployment is still low.
If the world is as bad it may seem debt wont matter anyways. Everything will collapse and what you think you own will be taken.
So yea, don't fear the mortgage, especially if you have a high paying job and your local property taxes are low.
Pay will track inflation to some degree. Unemployment is still low.
If the world is as bad it may seem debt wont matter anyways. Everything will collapse and what you think you own will be taken.
So yea, don't fear the mortgage, especially if you have a high paying job and your local property taxes are low.
It hasn't yet, and it's been a year.
It hasn't yet, and it's been a year.
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