Prices are so high it amazes me that people are still buying. We'll see if spring and summer goes well. Eventually the buying stops and prices will start to fall. But not a lot at first, since people will not want to sell their house for less than what their idiot neighbor got. The only house sales come from forced sales from divorces and inheritances. If people start to stop paying mortgages it will get interesting. Government did protect the banks back in 2008-09.
Prices are so high it amazes me that people are still buying. We'll see if spring and summer goes well. Eventually the buying stops and prices will start to fall. But not a lot at first, since people will not want to sell their house for less than what their idiot neighbor got. The only house sales come from forced sales from divorces and inheritances. If people start to stop paying mortgages it will get interesting. Government did protect the banks back in 2008-09.
re 'the buying stops and prices will start to fall.' - There's still going to be demand to obtain and keep homes because people who own homes will cash in on the growing demand for rentals.
re 'the buying stops and prices will start to fall.' - There's still going to be demand to obtain and keep homes because people who own homes will cash in on the growing demand for rentals.
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