GiddyGap@lemm.ee to News@lemmy.world · 3 months agoA Huge Number of Homeowners Have Mortgage Rates Too Good to Give Upwww.nytimes.comexternal-linkmessage-square147fedilinkarrow-up1363arrow-down110
arrow-up1353arrow-down1external-linkA Huge Number of Homeowners Have Mortgage Rates Too Good to Give Upwww.nytimes.comGiddyGap@lemm.ee to News@lemmy.world · 3 months agomessage-square147fedilink
minus-squareSocsa@sh.itjust.workslinkfedilinkarrow-up7·3 months agoActual deflation is unlikely. You might see a kind of stagflation where prices drop relative to real inflation, but an actual widespread drop in home prices has literally occurred once in the past hundred years, and that was in 2008.
minus-squaredirtbiker509@lemm.eecakelinkfedilinkarrow-up3arrow-down1·3 months agoIn my area prices are already down 30%. Every chart clearly shows the falling value.
Actual deflation is unlikely. You might see a kind of stagflation where prices drop relative to real inflation, but an actual widespread drop in home prices has literally occurred once in the past hundred years, and that was in 2008.
In my area prices are already down 30%. Every chart clearly shows the falling value.