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Is the Housing Market Going to Crash?
In the early 1980s, you were paying upwards of 18 to 19% to get a mortgage. Today we're talking about five and a half to six percent on a fix right there. If mortgage rates went from 6% to 10% next month, the housing market is going to crash. I mean, costs are going to be a way down. There's no alternative because no one's going to be able to afford those homes.