And houses where I live that went for 250 - 300K about 3 years ago with a next to nothing 30yr mortgage interest rate, are now going for 700K + with 30yr rates at 7+%. When the shcit hits the fan, you wonder how people who can’t come up with the thousand dollar emergency expense check are going to be able to make their $3000 monthly mortgage payment and thousand dollar truck payment. I guess that’s when it all starts to crumble apart and maybe that’s good to bring things back to reality
Last edited by GAGoober; 07/08/23.
