A 50 year mortgage..

[AKIron]

If we don't stop spending the future and start paying down our debt hyper inflation is inevitable.

[Eagler]

High interest rates drive up payments and put that money in the banks.

which forces lower prices..or would if ever given the chance..

Eagler

[AKIron]

It's not like there's a lot of houses sitting around empty, waiting for a buyer. People aren't going to sell for less than they paid and developers aren't going to develop if they can't make a profit.

[CptTrips]

People aren't going to sell for less than they paid

That's like saying no one will ever lose money in the stock market because they just won't sell their stock for less than they paid for it.

We'll see.

[AKIron]

I don't want to make this political but after Russia went communist Stalin felt obligated to provide housing and did. Often multiple families to an apartment. This is what some are asking for here though they imagine they'll get a big house with a pool to themselves.

[AKIron]

That's like saying no one will ever lose money in the stock market because they just won't sell their stock for less than they paid for it.

We'll see.

There is a big difference between stocks and your home. Stocks serve no purpose other than to secure and advance your dough. You need a home to bake your dough.

[Meatwad]

It's not like there's a lot of houses sitting around empty, waiting for a buyer. People aren't going to sell for less than they paid and developers aren't going to develop if they can't make a profit.

The ones that are you have to worry if a squatter will invade it then accidentally burn it down when they set a fire inside the garage to keep warm, or the drug addicts breaking in stealing the copper