Comments by "Teddy Portuano" (@helpyourfellowhuman) on "ZILLOW BREAKING NEWS: RATE SHOCK" video.

  1. My neighbor bought in 2021 and paid 21k over asking. He told me a few months ago that housing won't crash here because "everyone wants to move to Colorado Springs". Of course that's wishful thinking, he doesn't want to admit he's trapped in his own house. Fast forward to today there are 5 listing on our street all just sitting and price drops galore. He's a good guy, I feel sorry for him.
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  2.  @vwbustube  You are right but saying 60% of the population is military way too high. I just checked, it's 5.4%. Military will affect CS but not that much, it had no effect in the last bubble. Also, Colorado Springs is currently the 3rd city with the most inventory increase in the nation @ 160%. Regardless of the military, prices will come down fast and hard. It's already happening.
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  3. Silver is very undervalued right now in my opinion. If you are holding it, you are a smart man.
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  4. Higher interest rates will force prices down. Always better to buy low regardless of interest rates.
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