Quote:
Originally Posted by DJ's left nut
It's WORSE nationwide.
Because at least in the midwest, you started from more reasonable numbers. And since the impact of interest rates multiplies with higher dollar figures, if you go anywhere with a higher COL, you're going to feel this even more.
Builders build so they're gonna keep building. And you'd like to think that sooner or later you'll have a situation where spec homes are a little more affordable and thus help slowly boost supply and thus drive the market back down in response to interest rate changes.
But shit man, we may just have to have another housing collapse to ever get back to normalcy. Or some TRULY catastrophic rate hikes. But man those are going to make things hard on new home owners so it's awfully difficult for me to get behind that as well.
I just don't know how to softly land this plane. You may just need to steer it into a mountain.
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I hate to souind conspiratorial but the people who make these policies have no interest in things going back to any form of normalcy. There's way too much money to be made this way for the every day citizen to be given a fighting chance.