[chrisco255]

Real estate prices will fall in a high interest rate, cash poor environment. More than most people appreciate. Since real estate is at all time highs relative to median incomes, something has to give.

[test6554]

I'm glad I held off on buying that second beach condo. A couple more months, and I might find something on sale.

[nostromo]

But if you're borrowing to buy you're still hosed -- high interest rates means your mortgage is going to be much, much more expensive.