Are today’s home buyers really strenching thin to buy. Or is that a hyperbole and underestimation of today’s buyers still able to buy?
I keep hearing people say “how could people afford to buy at these levels?” they must be buying and totally over extended. Do we have data on this, or that just anedectotal based on immediate personal/peer observations ?
I tend to believe people are underestimating people’s ability to buy.
that said, rising rates and a coming recession , I think will make things very interesting.. Impact of SALT probably not nearly as an issue of those other two.
