Quote from SuperCruz:
I have been following the US housing market situation and it does look to me to be like another bubble. The question is whoâs financing it? Are these really just investment companies? Is it record low interest rates? If the interest rates were, say, 6% would people all of a sudden stop buying? If it is because of interest rates, it doesnât seem like a very healthy market.
Real median household incomes have been falling consistently for the past 4 years.
Falling rates is the only way to make housing more affordable for home buyers.
If that reverses, you have a big problem with housing affordability once again.