re: Back in the 70s, we had high gas prices and inflation, too.

Inflation is going to be the biggest issue, and it’s not getting better.

Wait till mortgage loans go up. My first was 13%, and I bought 4 points to get it there. Todays average buyer in the housing market would get priced completely out at half that.

Once mortgage rates start climbing, the brakes will get slammed on hard. They should have raised rates by 1-2 points already to slow things, but the morons in charge won’t until inflation has completely gotten away from us.