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A comment on Mortgage Rates Could Tank Home Prices by 20%, Fed Study Finds. Parent comment

Re:Mortgage Rates Could Tank Home Prices by 20%, Fed Study F... by tricksforfree on Wednesday November 16, 2022 @10:53AM (#33625143)
and we'd likely have a healthy housing market if more people were rational like this.

But no, let's take a loan out against our RSU's so we can get a $1M bi-level because the schools in this district are amazing /s. Now a house in North Carolina is worth as much as one in New Jersey.

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Re:Mortgage Rates Could Tank Home Prices by 20%, Fed Study F... by pc86 on Wednesday November 16, 2022 @02:56PM (#33629559)
Given the choice, I would much rather live in North Carolina than New Jersey so that makes sense. Everyone I know who lived in Jersey at any point lived there because they had to, or because they were already established. Not because all things being equal they would choose to be there.
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