🚨 30 yr refinance rates above 4%, 15 yr above 3% 🚨
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Date: February 12th, 2022 3:06 PM Author: floppy school cafeteria
Pretty simple: people will buy houses they can’t afford.
People need somewhere to live. There is very little housing supply, few new homes being built in a lot of major metro areas, and rent is soaring too. NYC rent fully recovered from the pandemic in November 21 and set a new record in December 21. That record was broken in January 22.
https://therealdeal.com/2022/01/14/rents-in-manhattan-and-nw-queens-recover-while-brooklyn-lags-behind/
(http://www.autoadmit.com/thread.php?thread_id=5030326&forum_id=2#43956553)
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Date: February 12th, 2022 4:22 PM Author: Insanely creepy university
1. tons of idle cash sitting on the sideline getting eaten away by inflation
2. less competition as others drop out so it can be put to use
3. in many cities real estate appreciates more than equity
4. less people selling --> fewer houses --> prices higher
(http://www.autoadmit.com/thread.php?thread_id=5030326&forum_id=2#43956975) |
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