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This is why nothing is going to "collapse." There are so many people in your position just wanting to buy the second prices start to fall a little. That will pr
by freeplay 3y ago
This is why nothing is going to "collapse." There are so many people in your position just wanting to buy the second prices start to fall a little. That will prevent any type of serious collapse and it will be more of a minor correction at best.
- x3sphere 3y agoWill they be able to buy though if they lose their job? Rate cuts usually come with a spike in unemployment, so... That said I still don't think there will be a collapse unless there is like, worse unemployment than 2008. But - prices could still easily drop 10-15% if this is a more mild recession.