|
I don't know where the OP is from but home selling around here most definitely has not come to a stop. A house down the road from me was under contract twenty minutes after it was listed. Three homes my parents have looked at ($350K range) were under contract in less than 7 days. I don't see interest rates affecting sales if the buyers are well qualified. The jump in mortgage rates hasn't been enough to really do that much IMO.
No I don't believe there will be a depression. I do believe we're in for an extremely severe recession. But we've already shown the willingness to reduce the hurt in 2008/2009 and in 2020 so there's no going back from that. The can will once again be kicked and the bandaid that keeps falling off will once again be reapplied.
The real question is, how long before this thread gets moved? Not that it's political... but that it will rapidly become political.
__________________
Nick
Last edited by cabmandone; 06-17-2022 at 04:17 AM..
|