I'm wondering with interest rates the way they are now, what do you think will happen in the market? During Covid, I witnessed quite a few people buy cars and now have a monthly note of around $1000/month on a cheap Kia (when you factor gas, insurance, loan, maintenance, etc.), and I wonder will the auto market bust, and the housing market do the same. I feel like the banks over extended their loans because of the low interest rates, jacked up the price of the vehicle, and people now will over pay with a 96 car loan, so I can only imagine how people bought homes.
I'm new and ignorant when it comes to RE, so I just wanted to get an expert thoughts (I'm planning on trying to get into sfh or multi units of 4 or less).
I'm new and ignorant when it comes to RE, so I just wanted to get an expert thoughts (I'm planning on trying to get into sfh or multi units of 4 or less).
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