The housing sector is pretty cyclical. We bought a house on a bailout many years ago...a Grant from the government of about $3,000 on a $45,000 NEW house. The interest rate was 8% at the time. Afew years later...they were about 17%.
bump
People have been negative on the economy in general since Bush took office. It’s really nuts. I swear if you ask most people since around 2000 at any time, they’d say we’re in a depression.
If you ask them how it was 2 years before that instant, they’d probably say it wasn’t that bad. It’s a weird media-driven malaise.
Housing - especially the prices - got way ahead of itself. This slowdown is just a return to the mean.
And the chocolate ration is being increased to 28gm per week!