If demand drops will prices drop? Will creative financing increase? Will contract sales increase where the owner can get out of management but lose any future increase in price...plus risk on both sides?
Banks like Silicon Valley, Signature Bank.. got stuck with bad loans tied to dead assets, then the federal government - us taxpayers get hit.
Oh no, can’t have that, the FHA just this week approved 40 year mortgages, so any downward pressure on price will be overcome by 10 more years on your term keeping the monthly payment low.
We are a banana republic...