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A comment on U.S. mortgage interest rates jump to 6.52%, highest since mid-2008. Parent comment

Re:U.S. mortgage interest rates jump to 6.52%, highest since... by giantg2 on Wednesday September 28, 2022 @12:21PM (#33009792)
I sort of doubt it will correct very much. I assume a fair percentage of the homes are rentals. Landlords won't care to lower prices. They have a client based that's geographically constrained to the college and able to get easy money from the government.
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Re:U.S. mortgage interest rates jump to 6.52%, highest since... by hollywood_court on Wednesday September 28, 2022 @12:57PM (#33010260)
None of the homes we'd be interested in are rentals. Our town presently has ~3k more rental bedrooms than it has college students so a lot of the rental properties are actually going on the market now. But again nothing we'd be interested in buying. But even with the ~3k additional rooms, developers are still building apartment complexes that are "student only". I'm not sure how they plan to fill them.
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