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To: davikkm

Mortgage rates 2 decade highs(not lows).


3 posted on 11/30/2023 4:18:38 AM PST by Trumpet 1 (US Constitution is my guide.)
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To: Trumpet 1
Mortgage rates 2 decade highs(not lows).

Mortgage rates in 1981 were 14% but the sq. ft. cost you paid for a home was drastically less than today.

If the government stops intervening in the market, the law of supply and demand should resolve many issues.

What is something worth? It's what the public is willing to pay for it. When half-million dollar homes stop selling, their price will come down and/or less expensive homes will be made available by an innovative builder/developer.

16 posted on 11/30/2023 5:43:42 AM PST by JesusIsLord ( ft )
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To: Trumpet 1
Mortgage rates 2 decade highs(not lows).

Thanks, I thought that was odd.

23 posted on 11/30/2023 7:06:26 AM PST by Hot Tabasco
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