Just my two cents, I am no expert BUT !!! , First rent has been going up big time, and rent is 30 or 40 % (don’t know the exact figure) of CPI, so I don’t see the fed lowering rates anytime soon, as for a soft landing, I think you would first have to have a lot of people who could afford to buy these over priced homes, and that not likly to happen in my opinion.
They may get the loans but then you just have to deal with the comming forclosures sooner or later.
Deal with the problem now or deal with a bigger problem later, it’s 1996 all over (Your move Ben).
