Quote:
Originally Posted by ithos
There will not be another 2008 like housing crash until there is another housing glut and renting makes more financial sense than owning a home.
Home prices can and probably will decline due to a broader economic downturn caused by the Federal Governments fiscal irresponsibility in running up tens of trillions in debt.
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Bet that most of the downturn is from rising interest rates and that nasty word inflation. At least now buyers can get a better price on a house and when mortgage rates go down they can re finance. At least they are not looking at 12% interest.