Comments by "worn down" (@worndown8280) on "ZILLOW: Housing Affordability Severely Worsened" video.

  1. Some people just like to look at houses.
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  2. Yea they have to compete with the Fed dumping their MBS's. Thats what caused the spike in interest rates. And when the Fed doubles the amount they are going to be selling every month, there will be another spike. I am not sure how people havent put this together. But I am glad im not alone in my thinking.
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  3. Nah, panic is setting in. People will start dumping their prices. You are already seeing double digit price reductions in many markets. As recession kicks in and people have to sell or foreclose due to job loss or reduced hours, the people who are willing to cut prices will sell their assets. The ones who are stubborn wont and will end up defaulting when they lose all their equity.
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