Quote:
Originally Posted by opendoor
If there's a recession and job losses, prices will soften like they do every time. But yeah, I'm skeptical that we're going to see a huge drop or anything. For one, prices have already dropped a fair bit from the peak (as much as in some recessions). And also, unless Western governments want to bankrupt themselves, interest rates probably aren't going to go a lot higher.
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Which peak?
There was a
headline in the Herald a few days ago about prices hitting an all time high and then there's some segments of the market that
still haven't recovered to their 2013 levels... This is not a one-size-fits-all situation.