Don’t worry. There’ll still be plenty of credit to be had.

It used to be that credit cards were only give to the rich. But now everyone has a dozen of them. Lax lending is here to stay. Lenders will use computer models to spread the risk to borrowers.

I believe that the smaller developers are more at risk. But they are also least likely to offer concessions simply because they don’t have as much wiggle room.

Condo converters such as Premier Coastal are most at risk.

If you want a SFR for $200-$300 you have some time wait. I don’t have a crystal ball but $350k (with some years of stagnation) might be as low as it goes.