7-8% interest rates will destroy the u.s housing market, 11500$ a month to live in this cuck shed, this is the current state of the u.s housing market, this is going to end very badly boomers actually believe these cuck sheds are worth this much.
>>62722947Actually the interest rate should lower prices, right? Investment companies will invest in something else and regular people wont be able to get approved. Or am I wrong?
>>62722964on these mcmansions a 1% increase in interest rates is like 1000$ more a month in mortgage payments lol
>>62722947So are we all buying houses the moment rates drop?
>>62722947Let me let you in on a secret. This big "crash" you're imagining in your fantasy isn't real. The only thing that would happen if these houses dip 15% or so is rich people will buy them up.
Real state is such a gay and rigged industry
>>62722984you and all the others.
Why haven't prices dropped already? We went from a decade of 0% to 5% rates, convexity of mortgage loans would suggest housing should have dropped bigly already no?
>>62722975You retards think poors are buying that house?Lmao some rich guy is paying cash
>>62722947It's already destroyed. Nobody wanted to buy a week ago either.
And another question I have is why arent Gen Z cats just building new houses? Like shouldnt they form a Gen Z credit union and finance new construction?
>>62722947>californiaYOU VOTED FOR IT.
>>62723150Contrary to the europoors that seethe about how we build houses, the actual value is in the location of the land and having all the electrical/water/shit pipes hooked up. No one wants to live in some zoomer favela village in the middle of bumfuck nowhere.
