>Those houses will go up for sale, and that is how bubbles pop. maybe. it depends on how much demand is left at higher rates. The prices are up and the rates a

>Those houses will go up for sale, and that is how bubbles pop. maybe. it depends on how much demand is left at higher rates. The prices are up and the rates are up. People and corporations will buy them and rent them out, and renters are at the mercy of the market. They pay or be homeless. It's not necessarily sure that the bubble will pop if there are enough landlords or investment firms willing to buy the properties whose owners can't afford them. A lot of people refinanced at very low rates quite recently, so it may be years before some of these properties go through the 'crunch' of refinancing.