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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Timber! Lumber prices are falling hard
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Poster Handle
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Anonymous Coward |
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Post Content
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Demand is dropping off a cliff around here (western PA). Homes that were finished a month ago are still sitting with nobody to buy them, not even BlackCock. Just wait until mortgage rates hit 8%. With the "offical" inflation rate hitting 8.6% that means the real inflation rate is pushing 24-26% that means 8% on a 30 year is guaranteed even with 830 credit score and zero debt!!!
Quoting: Anonymous Coward 82609303 demand here just fucking completely stopped in 2 weeks like the lights fucking went out property prices dropped 25% its the interest rate shock you cannot sell a property anymore to anyone who will loan out 500k with interest rates spiking
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