So the average consumer buys a home at ATH, sits on it and like most other people, it becomes their main equity hold. The majority of their net worth will be the home.

The economy is teetering, inflation is rising and the FED can do NOTHING about it, refinancing has dropped like a stone and mortgage rates are going up.

WHO do these people who JUST bought sell to? And what happens when a panic sell occurs later on when people realize there are no buyers and their money is locked up in the home with no where to go?

You do understand that first time applications for mortgages have tanked? You also understand that what you currently see is not indicative of what is going to be in say 3-5 years from now. Right? You do understand this? Correct?

What does retail always do?

So the average consumer buys a home at ATH, sits on it and like most other people, it becomes their main equity hold. The majority of their net worth will be the home.

The economy is teetering, inflation is rising and the FED can do NOTHING about it, refinancing has dropped like a stone and mortgage rates are going up.

WHO do these people who JUST bought sell to? And what happens when a panic sell occurs later on when people realize there are no buyers and their money is locked up in the home with no where to go?

What does retail always do?