We had inflation that wasn't declared because they changed the CPI to count housing very little.
We worry about gas and food, which is no way as much a cost as housing these days!
But people thought housing price increases were actually a good thing for investments, as if the house you live in should be. Anyway, once you sell, you stil…
We had inflation that wasn't declared because they changed the CPI to count housing very little.
We worry about gas and food, which is no way as much a cost as housing these days!
But people thought housing price increases were actually a good thing for investments, as if the house you live in should be. Anyway, once you sell, you still have to buy at that high price elsewhere.
So pretty much it's not going to be a big deal to have a price crash, except for the banks and people who own multiple houses. The single house owner that lives in their house can keep their houses as long as they can keep paying the mortgage. But the multiple housing owners who rent them out will not be able to keep their properties mortgage payments.
What makes you say that rental owners will suffer? Even if housing prices fall, folks still need good jobs, good credit, and a down payment to buy. Mortgages are less affordable with rising interest rates, and there's still a shortage of new units thanks to Mr. Supply Chain and Mr. Flooding the Border with Illegal Immigrants...
We had inflation that wasn't declared because they changed the CPI to count housing very little.
We worry about gas and food, which is no way as much a cost as housing these days!
But people thought housing price increases were actually a good thing for investments, as if the house you live in should be. Anyway, once you sell, you still have to buy at that high price elsewhere.
So pretty much it's not going to be a big deal to have a price crash, except for the banks and people who own multiple houses. The single house owner that lives in their house can keep their houses as long as they can keep paying the mortgage. But the multiple housing owners who rent them out will not be able to keep their properties mortgage payments.
What makes you say that rental owners will suffer? Even if housing prices fall, folks still need good jobs, good credit, and a down payment to buy. Mortgages are less affordable with rising interest rates, and there's still a shortage of new units thanks to Mr. Supply Chain and Mr. Flooding the Border with Illegal Immigrants...