[john2x]

Good for the wealthy.

Middle-class still can't buy because of stricter lending rules and increasing interest rates.

Middle-class who FOMO'd in the last 2 years will see their interest rates double and even triple when they refinance in the next months. With inflation and cost of living rises recently, that bump up in their mortgage payments is really going to hurt.

Meanwhile, those with the cash can just scoop up houses (if/when they want to).

Silver lining is younger and future generations might not be completely and utterly f'd.