[jokethrowaway]

It doesn't seem like we're done yet with interest rates. The more that happens the more the industry will chill.

Will variable rates mortgages and wealthy tech workers end up paying for the covid lockdowns and government excesses?

[arcticbull]

People are overwhelmingly in fixed rate debt this time, and lending standards tightened meaningfully after 2008. I wouldn't bet on that being a catalyst.

[edit] We're talking like 2-4% of originations have been ARMs from 2009 onward, vs. a peak of 35% in 2004-2007.

[theGnuMe]

The issue is that people will be stuck for 5-10 years in their current house. There will be limited new construction and eventually remodeling will stop. Watch the numbers out of Home Depot and Lowes.

[sokoloff]

High income (rather than wealthy) people are going to be the ones paying for government.