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by iJohnDoe
335 days ago
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6%-%7 is crazy high at today’s high home prices. Yes, it’s accurate that someone couldn’t afford their current house at today’s interest rates. Today’s interest easily shave off about $100k+ in what people can afford. People won’t sell because they can’t afford to move anywhere unless they take their equity out of state to a lower cost of living. People not selling means lower inventory. Only desperate people
will buy now because they have no choice (relocation etc.) Raising interest rates is the easiest way to fuck things up. We’re in this for the next 5-6 years. |
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