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What if Mortgage Rates Go Down?
If we do get ta bear market, the fact that things reprice so fast, i think it's going to happen pretty quick. The problem is, and there can be many, is that we're used to v shape recoveries. If it's more over u shape, that's where people feel some pain. Isn't housing the perfect hedge this type of scenaria outside of commodities? At a certain point, don't you think it's also possible that, like, some of these commodities going to fall, like 20 or 30 % on a single day? It's all yo. Absolutely.