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Unusual Whales Pod #10: The Housing Crisis, Markets, and Real Estate

Unusual Whales

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Is the Housing Crash Really Only for First Time Buyers?

The structure of the market today is pretty different from 2007 as displayed. So 90% now are fixed rate mortgages. Whereas in 2007 to 2008, many of those loans were adjustable and only for quote unquote first time buyers. The shift towards or excuse me, stripped away from like adjustable rate mortgages post 2008 was partially about breaking that cycle where you have rising rates. That's something you're seeing in the UK, in Canada, in countries where adjustable rate mortgages are much more common.

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