Mortgage Rates Could Tank Home Prices by 20%, Fed Study Finds

Re:Mortgage Rates Could Tank Home Prices by 20%, Fed Study F... by EricDeb on Wednesday November 16, 2022 @10:54AM (#33625176)

there is 16 million vacant homes in the US. scarce maybe where lots of people want to live..

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Re:Mortgage Rates Could Tank Home Prices by 20%, Fed Study F... by mywittyname on Wednesday November 16, 2022 @11:03AM (#33625362)

But how many of those homes are habitable?

I grew up an area with a lot of "vacant" housing. They are vacant largely because nobody would want to live there. After a year or two, they are uninhabitable and the cost to remove the place exceeds the value of the land. Lots of them ended up mysteriously burning down.

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Re:Mortgage Rates Could Tank Home Prices by 20%, Fed Study F... by roflyear on Wednesday November 16, 2022 @04:49PM (#33631224)

There aren't vacant homes in places people want to live.

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