Mar 31, 2021
10:41:10pm
10:41:10pm
Um...yes....interest rates have been to low
No way most new homeowners would even be in the market if it wasn't for these interest rates.
But you make the purchase price high enough median incomes will not continue to support market inflation and more debt only reduces the ability to qualify in terms of the debt to income ratio. Eventually we will price out a large segment of the population.
One solution is build more, but we did that in 2004 through 2008 and guess what happened.
But you make the purchase price high enough median incomes will not continue to support market inflation and more debt only reduces the ability to qualify in terms of the debt to income ratio. Eventually we will price out a large segment of the population.
One solution is build more, but we did that in 2004 through 2008 and guess what happened.
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- byukarl
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