[Stu from NYC]

Originally Posted by Laker14

If the high interest rates are here for a year or more, or, as they quite reasonably could do, increase over the next year or two, it has to have an effect in at least two ways, it seems to me. Retirees up north won't get as much for their homes as they sell them, and their budgets will be less as they shop down here.
I bought my home in TV with a 2.75% 30 year fixed rate mortgage. Current rates are about twice that, so the same purchase price would carry nearly twice the monthly payment. Ouch.

Get ready for 7-8% within a year. Should stop the rise in housing prices