[quote=sdrealtor]I’ve been saying this was gonna happen for a year. Now media is recognizing it also. Higher rates will hurt as much as help

https://finance.yahoo.com/news/mortgage-rate-trap-housing-market-203108693.html%5B/quote%5D

Prop 13 in the form and name of historical low 30-year fixed mortgage rate — for those that are benefitting from it, perhaps even more profoundly impactful, since it’s likely their biggest overhead cost, mortgage, is FIXED for the next 28-30 years.