Question: If surging interest rates are killing new construction, how are they not killing the rest of the real estate market? Few people are buying all cash either way and as such need to finance at today’s high rates.
Shit show indeed! I still can't believe there are people out there on variable mortgages that could have been paying mostly principle to all interest in over a year and the banks aren't obligated to refinance, can just gobble up the interest payments. By the time they hit the trigger point I suspect it's too late.
‘Human QE’ hilarious terminology
Question: If surging interest rates are killing new construction, how are they not killing the rest of the real estate market? Few people are buying all cash either way and as such need to finance at today’s high rates.
because standing inventory sits at 20 year lows..
Shit show indeed! I still can't believe there are people out there on variable mortgages that could have been paying mostly principle to all interest in over a year and the banks aren't obligated to refinance, can just gobble up the interest payments. By the time they hit the trigger point I suspect it's too late.