runnER/DR wrote:
Rainy Day wrote:
I think we will see another housing correction during the next 5 years. Prices are so high because rates are under 3%. That won’t last. Once rates go up, so will mortgages. Existing prices will decline along with home equity.
I hope current buyers aren’t overextended, it won’t end well.
I don’t think there’s enough stimulus left after covid for another housing bailout.
This. 100% going to happen. Also the economic effects of COVID will eventually catch up. A housing hangover is a sure thing.
Agree. Also take into account at least 15% of mortgages in the US are currently in forebearance because of Covid. Lenders aren’t going to let people “not pay” forever. And many of these peoples jobs aren’t coming back.