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The 2023 Economy FAQ: Is Recession Inevitable? Will Housing Crash? Can Tech Recover?
Plain English with Derek Thompson
Mortgage Rates Are Going to Be a Problem in the United States
If rates stay above 6% or 7%, it's going to be a tough year. Even a 20% bear market in housing would bring us back to March 2021 levels. People are relatively okay overpaying for houses, right? It's not an asset they plan on flipping 12 months in their death sentence.
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