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Comments by "" (@marktapley7571) on "Housing Market COLLAPSE 60,000 Canceled Contracts" video.
To lower the monthly payment for the buyer. 1% makes a lot of difference on the note. But as he stated, it won’t help with the taxes to keep the dead beat school system going or the increase in insurance.
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I think there has been a bubble in housing in many areas so there likely will be a contraction in prices. Long term however everything of value will increase as currency depreciation is baked in.
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People are realizing they can’t afford to pay the increased prices they are seeing since the two trillion bailout of Black Rock companies in 2020. 30% increases in food, insurance, property tax since 2019 as all real wealth (land, water, minerals, infrastructure) flows to the top insiders as we just get hit with the trickle down inflation.
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