And when they do, those buying these houses will be so far underwater they'll drown.
Those of us who live and own property in rural areas don't see the huge leaps in prices. I'm guessing OP lives in a city, where there are lots of other problems besides housing prices. Wait until the food crunch hits.
Don't die yet...it's all coming down...house prices will drop like a stone
And when they do, those buying these houses will be so far underwater they'll drown.
Those of us who live and own property in rural areas don't see the huge leaps in prices. I'm guessing OP lives in a city, where there are lots of other problems besides housing prices. Wait until the food crunch hits.
And the mortgage rate is going up to 9%
Mortgage interest rates will be double digits before long.
Housing will drop like a rock when that happens.
And yet CD's and interest rates for the investor still suck.