Sorry, dum dum. Lot's of dum dum on variable rate mortgages. Will get squeezed by rising rates and rising property taxes.
Rates dont need to go up unless some dum dum gets an open mortgage
Looks that way with increasing rents and very little inventory on the market. You can see who reads and follow the "newspaper" on this forum.First time poster.
The way I see it there are some strong reasons for prices to flatten or increase over the next few years.
Oh wow at 8-9% ror and gets better if prices drop no wonder the numbers make sense to buy inSo long as there is strong rental demand there will be housing sales.
I heard a professional estimate that for investment in a detached home, at 20% down, the return for rental each year is 8-9%. It only gets better with lower prices.
With this in mind I cant see the downturn lasting come spring