THE HOUSING MARKET IS STRONGER THAN IT WAS IN 2008

Abstract

There's no doubt the real estate market has changed dramatically in recent years. Skyrocketing prices, huge increases in interest rates, eviction moratoria and changes in lenders’ comfort and flexibility have all made it significantly more difficult for real estate investors to enjoy the successes that were commonplace as recently as five years ago. How is it different from the recklessness, inflated prices, and the subsequent bubble that burst in 2008 and led to 6 million people losing their homes. The banks were all in. and the in 2008. The existence of guardrails to help avoid another catastrophe. The best next step is to slow down. No big deal. Just slowing the market, which isn’t the worst thing in the world. It’s important to realize that the breaks are being tapped already. There is a lot of money in the system and prices are inflated, but interest rates are going up as well.

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