Hey everyone,
I just read something interesting about the housing market. A big shot from Home Depot thinks we might start seeing super high mortgage rates as just a regular thing. Even crazier, they reckon people will still put money into houses anyway!
What do you guys think about this? Is it just wishful thinking from a company that wants us to keep buying stuff for our homes? Or could they be onto something?
I’m really curious to hear your thoughts on this. Do you think we’ll ever get used to these sky-high rates? Would you still consider buying a house if rates stay this high for a long time?
Let me know what you think. It’s a pretty wild idea, right?
lol, high rates as standard? no way dude. ppl gonna find workarounds or wait it out. maybe creative financing or rent-to-own stuff. housing market always adapts. Home Depot’s just tryna keep their stocks up IMO. we’ll see tho, markets are weird af sometimes
Interesting question! I’m no expert, but I wonder if high rates might push people towards alternative housing options? Like tiny homes or co-living spaces? What do you think about those trends? Could they become more popular if traditional mortgages stay pricey? Just brainstorming here!
I’ve been in real estate for over two decades, and I’ve seen market cycles come and go. While it’s tempting to think high rates will become the new normal, history suggests otherwise. Markets are cyclical, and what goes up must come down eventually. That said, people will always need housing. Even with high rates, many will choose to buy rather than rent, especially in areas with strong job markets and limited housing supply. The key is adjusting expectations and perhaps looking at alternative financing options. It’s not doom and gloom, but it does require a shift in strategy for both buyers and investors.