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re: Mortgages Jump to 7.16%, Highest Since 2001
Posted on 10/27/22 at 9:33 am to bayoudude
Posted on 10/27/22 at 9:33 am to bayoudude
quote:
If we get another 2008 type real estate crash I am scooping up as many rentals as I can.
I just don't see it. People will hang on to their great mortgage rates, there's not a ton of inventory, and nobody is super motivated to sell.
I want the crash so badly I can taste it, but I'm sure I'll get fricked again.
1
Posted on 10/27/22 at 12:11 pm to Jcorye1
I am curious to see what happens with spec houses. Have heard of a few groups buying up homes from builders and renting them, the builders are taking +/-20% off the sticker.
Also, what about all the people who have adjustable rate mortgages? When those come up they are going to be upside down.
Also, what about all the people who have adjustable rate mortgages? When those come up they are going to be upside down.
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