Quote:
Originally Posted by PeteMoss
Prices are already declining with the the relatively small interest rate increases we are seeing today and you already see articles about people who over leveraged themselves having to sell home.
I suspect things just got ultra over heated during the pandemic because people were almost forced into saving money because most things you'd spend money on weren't available. That's not to say it was in great shape before - but things went hog wild over the past 2-3 years.
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True.
Cost of housing materials went through the roof because a lot of extra spending went into that the last couple years because people couldn't really do anything else.