“Also we will be alot healthier financially to suck it up and raise the rates…”
Healthier also might mean that confidence and buying power is restored enough to offset rate increases especially on the heels of any possible “over correction”.”Healthier” will also coincide with supply/demand factors being more balanced. I know I am beating a dead horse but a direct correlation is not guaranteed and definitely not across the board to any and all areas and properties. Too many variables. Yes houses are going to keep coming down and in the current enviornment higher rates would be destructive to pricing in general. We don’t know what the enviornment will be like when rates go up.
