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Real Estate
Reply to "Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes."
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[quote=Anonymous][quote=Anonymous]I don’t understand the mindset of living in a house you don’t want anymore just because you got a good deal on it. Eventually housing prices will have to come down because as has been pointed out here, higher interest rates puts many houses out of reach for a lot of potential homebuyers. And of course renting is still an option.[/quote] If house prices drop how are governments going to handle the drastic cut in revenue? Commercial properties are already collapsing in value. Tax rates on houses will explode if prices drop… they have homeowners by the short hairs.[/quote]
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