[GodGunsGuts]

Exactly. And it will turn into more than just an "ouch" as this thing spreads. I feel sorry for all those people who rushed to buy because this "could be our last chance to buy" at low interest rates. They forgot about the other side of the equation.

[Kenton]

I've lived in the same house since 1976, and it's long since paid for. It's worth about 4 times what I paid for it.

I'm retiring next year, maybe prices on housing will be affordable just at the time I'm considering becoming a "snow-bird" to flee from these Ohio winters.

I guess how this affects you depends on where you are in your life more than anything else.

[Moonman62]

Exactly. And it will turn into more than just an "ouch" as this thing spreads.

How is it going to spread? Fixed rate mortgages have been going down since last summer, and variable rates will start going down next year. The dollar is weak which brings in more foreign buyers.