I’m not predicting this, but if the Fed has to chase inflation by raising rates that would be very detrimental to housing prices. Heard from a friends dad, he

I’m not predicting this, but if the Fed has to chase inflation by raising rates that would be very detrimental to housing prices. Heard from a friends dad, he bought a 1.2 million house in the early 80’s. He had a $10,000 a month mortgage. Can you imagine? Obviously early 80’s rates were incredibly high, but that’s what high interest rates can do to mortgage payments.