Quote:
Originally Posted by username
Do you have any data to back up these claims?
those that are in the market are highly levered and are very susceptible to interest rate hikes and job loses; poop hits the fan; investors will flee
I'm not saying you're wrong, but do you have any data at all that backs up these claims?
I work for technology real estate company in the US and there's no data indicating there is any problem with affordability. Not wanting to move and taking on a higher mortgage rate is the number one issue facing the real estate market.
Also, you seem to be leaving out the fact that salaries "generally" go up with inflation, so that should offset the increase in payments when they do come in 4 years, if rates are even still high at that point.
|
Yes the data is every recession/depression this comes before it.
Most mortgages are due to go up by 40% by 2026.
My prediction is this will get ugly by the the fall.