Hacker News new | ask | show | jobs
by xbmcuser 1472 days ago
Demand is going to crash with many not being able to afford mortgage payments or rents this will result in prices tanking and people having to top up as property values will be lower than mortgages. I have a feeling commercial property values are being artificially kept inflated by banks, realtors as well as the city governments as lower prices are going to be very painful for everyone. But as defaults start snowballing we will see the dominos fall similar to 2007-8.
1 comments

As a want to buy a home person... I certainly hope you are correct. As it stands now, it just doesn't make sense to buy a home.