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Reply to "I genuinely don't understand these rate hikes"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It will cool off the housing market which has a big effect on many housing related industries. Demand has way outstripped supply and the industry needs to catch up. All borrowing costs will go up which will temper demand. [/quote] Pipe dreams, because the stockification of the housing market is currently taking place + AirBnB renters will buy up all the properties if they fall: https://arrivedhomes.com/ First time buyers will have to compete with companies worth billions of dollars who want to buy homes to turn them into rentals and sell the shares via outlets like arrived.[/quote] WFH was all that could save us, to allow people to live anywhere in our crazy large country and build new homes cheap. But that dream is dying. [/quote]
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