if mortgage rates went to 10% or higher, would real estate prices decline to realistic levels??
would a dose of deflation be a good thing??
61-69, M
whowasthatmaskedman · 70-79, M
The answer is almost certainly yes, depending on the situation of the market. For America, the answer is YES!!!.. The factor most likely to hold prices up in high interest rates is a shortage of housing supply...😷
Elessar · 31-35, M
No, the rates would get slashed in no time if prices started showing signs of decline, the fact they're being hiked indicates they're moving in the opposite direction
helenoftroy2000 · 22-25, F
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Gibbon · 70-79, M
I'm sure some people will laugh up the question, but the fact remains in the early 80s. You could buy a townhouse for less than a freaking F150 cost today, rates were high on everything and yet, everything costs a great deal less of your total income than it does today. Well, interest rates are high, so we're saving rates. The banks have turned that upside down. Now our free savings account doesn't pay squat.