Home › Forums › Housing › Conforming limit to $700,000? › Hopefully it does play out
Hopefully it does play out this way. I see nothing wrong with interest rates going way up.
Doesn’t it do the following?
1) Craters housing prices so that people can afford monthly payments with high interest rates
2) Lowers property taxes paid since actual house value is lower
3) Makes more of your monthly payment tax deductible since a lot more is going to interest.
