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Economy

Warpy

(113,131 posts)

2. Too many people and corporations buying housing as investments

Reply to mahatmakanejeeves (Original post)

Thu Jun 9, 2022, 02:03 PM

Jun 2022

rather than places to live in. When that happens, the prices skyrocket until rising interest rates slow down the investors.

The only question is how far prices will have to fall before investors are under water and try to get out from under by really slashing prices. Welcome to the new bust, a hell of a lot like the old bust, mortgage backed derivatives and all.

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Mortgage activity hits 22-year low as rising rates bite housing market [View all] mahatmakanejeeves Jun 2022 OP

Its a whole lot more than just rising mortgages! Geez. Corporate is decimating Americans ability PortTack Jun 2022 #1

Too many people and corporations buying housing as investments Warpy Jun 2022 #2