Home prices are going to stay high until interest rates go much higher. Supply is low. Demand now is picking up and will pick up even more when the pandemic is over and the younger generation decide to start families.
Many area's away from the Big cities are the new hot spots.
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Everything screams 2007 leading up to the 2008 collapse doesn’t it?
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It does , but I think times are different right now . I hope we do get a crash like that , but at that time supply (I believe ) wasn’t so low and demand wasn’t so high . They probably will eventually go down just a bit, but not much . I don’t see another crash happening ...
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(Higher interest rates) Inflation can be mitigated by deflationary benefits of disruptive companies lowering overall cost to customers.
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Some banks are very unhappy with the low interest rates.
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