Mortgage rates have more than doubled this year as interest rates have risen.
As mortgages come up for renewal many people will not be able to afford the higher payments and houses for sale are going to flood the market. This means house prices are coming down and the trend has already started. And as Stefan has pointed out their value has been inflated which means they have a longer way to go on the way down. From: stefan.reich.maker.of.eye via AGI <[email protected]> Sent: October 10, 2022 10:04 AM To: AGI <[email protected]> Subject: [agi] Re: panic factor = 6 On Sunday, October 09, 2022, at 7:51 PM, immortal.discoveries wrote: Houses seem to be going up tons.....and houses seem to be the place to invest in (I think) It seems to me houses will crash because their value is inflated. But may be a good investment anyway, no idea <https://agi.topicbox.com/latest> Artificial General Intelligence List / AGI / see discussions <https://agi.topicbox.com/groups/agi> + participants <https://agi.topicbox.com/groups/agi/members> + delivery <https://agi.topicbox.com/groups/agi/subscription> options Permalink <https://agi.topicbox.com/groups/agi/T66647c2929a47af1-M1a2fb2616624a4c4046e37ba> ------------------------------------------ Artificial General Intelligence List: AGI Permalink: https://agi.topicbox.com/groups/agi/T66647c2929a47af1-M66308e04293ae6a38a42b041 Delivery options: https://agi.topicbox.com/groups/agi/subscription
