Comments by "" (@brn2863) on "WARNING: Buyers Remorse | 12 Million Americans" video.

  1. People don't base selling decisions on interest rates. Buyers make decisions based on rates, but sellers don't. The owners who are right now saying "I'm not selling because of interest rate"... look, that isn't the reason. The reason they're not selling is because they don't have a life / family / career / debt related reason to sell. When interest rates are low, sellers don't go "I'm going to sell because rates are low." That has nothing to do with it. Life marches on and the need to sell for various reasons marches on, regardless of interest rates.
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  2.  @GLJ2414  what people say in a sense of disconnected hubris is not the same thing as reality. yes lots of people who had no reason to move to begin with are trying to keep the fomo going by saying "i'm not selling because of my rate." reality is those people weren't going to be moving anyway. when people need to move, they move. that is reality.
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  3.  @GLJ2414  Reality is, and always has been, you move when you need to move. It's that simple. More than 80% of sales occur due to some kind of major change in people's lives. Nothing to do with interest rates. Unless the people you spoke to have some truly compelling reason to move, and are choosing not to move because of interest rates, then what they're talking about is just words that mean nothing... just the ramblings of people who have a highly valued asset and want it to remain so. Anyone can stand around and hem and haw about their interest rate and how it's the reason they aren't selling, when there was already no reason for them to move.
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  4. You have the cadence of a preacher when you're talking about something you believe in. I mean that as a compliment
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  5. yes. People were already overpaying and had too high of payments when rates were 3%. This crash is going to be epic. People don't understand it takes times for the rate rises to reverberate through the economy, and housing is basically the last shoe to drop when it comes to economics.
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