Housing Crash Is Impossible# Living
C*e
1 楼
1. In the last five or six years, many people who had a housing dream got
their once in a lifetime opportunity window. The historical low interest
rate was the only driver for the housing boom. Most people who bought their
houses during the period bought the house to live, not to rent or to flip.
So, most of them applied fixed rate mortgages (15y or 30y). With fixed
mortgages, you will be immune to the anticipated rising interest rate. So,
no panic for the majority people in the housing market.
their once in a lifetime opportunity window. The historical low interest
rate was the only driver for the housing boom. Most people who bought their
houses during the period bought the house to live, not to rent or to flip.
So, most of them applied fixed rate mortgages (15y or 30y). With fixed
mortgages, you will be immune to the anticipated rising interest rate. So,
no panic for the majority people in the housing market.