[rubyn00bie]

I believe that many people are starting to fear that their lower rate mortgage exceeds the value of their house. While, in the long run, they’ll likely be fine but the near term may be 10-15 years of stagnant or declining home values. It’s also looking like the Fed is very intent on keeping rates higher for longer, and/or possibly hiking them again, further increasing the burden on buyers. It’s not looking good for sellers or buyers for at least the next 18 months. I suspect a crash in the housing market will occur but we haven’t had enough time to see foreclosures pick up to start the cascade downward.

[consp]

Looking at how homes are insanely overpriced (worse here than in the US) that is not a bad thing. The only sane market at this point is +1M houses which is simply rediculous.