They are taking about raising the interest rate another.50% on top of the.25% they already raised it. So many people aren’t going to be able to buy homes and all of you who over paid in the current market are going to be stuck with a home that is only worth 1/2 of what you paid for if we continue to head toward a recession. History continues to repeat itself and most don’t pay attention only to screw themselves. Don’t you remember the 2008 recession and the housing crisis? For most people your home is your largest asset, can you afford to lose it and have to start over again? The said fact is investors purchased most housing inventory driving prices up, forcing you to way over pay for your home. After they drove up home prices they started slowly letting out a little bit of home inventory GETTING RICH by selling to unexpecting home buyers. Good luck if home prices start falling, it will be another BANKRUPTCY EXTRAVAGANZA.
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