Quote:
Originally Posted by SAB1
The world is so different from what it once was even back in 2008. Heck look at the stock market. Five months ago when this pandemic started I don’t think anyone would have projected it to at 28,000 where it is now. Nothing makes much sense. The thing fueling real estate thru this whole upswing for the past decade Has a lot to do with interest rates. Money in cheap. Is there a correction coming. Yup soon as that interest rate gets back up 6-7%. But who knows when that comes. By in large homes on the water suffer much less. People always want the water.
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I even if the rates go up to 6-7% I do not believe there will be a significant correction (over 10%). The real estate market would slow down but it would be nothing like 2008. Only an unpredictable outside influence would cause a significant correction such as what happened in 2008.
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