Rates rising this fast is going to cause an economic disaster. While the fed is focused on inflation, raising rates is going to start a domino effect that begins with housing prices. Those will become unaffordable as people who just bought won’t be able to sell.
The market won’t be able to adjust pricing down without a major foreclosure wave, so people will just be unable to buy. Like 2008, so much of the economy is tied to real estate that the workers who rely on it, from carpenters to finance will be out of work. Without money to spend, the impact will ripple to the rest of the market.
Do you agree?
#realestate #property #fed #domino #housing #market #markets #economy #finance #rise #buy #crypto #loveisland
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'The attention to detail and professionalism that Troy and his staff brings to our contract drafting process is unmatched. It’s a rare occurrence to find a law firm that cares as much about your legal protection as you do. But, Doucet Co. LPA is that law firm."
Mr. Doucet and his staff handled two foreclosures and a related matter for me. I found everyone in his office to be professional, effective and responsive. Everything he handled for me got me the results I expected. I highly recommend Doucet Co., LPA.
As an attorney and former client of Doucet Co., LPA, I was very impressed with the representation of Troy Doucet and his firm. I would recommend him to all who face difficulty in saving their home or getting cooperation with their mortgage companies.
If you need legal assistance regarding foreclosure, I urge you to consider putting your complete trust in Doucet Gerling. They will employ their vast knowledge and expertise on your behalf and work to attain a great outcome for your individual needs and situation.
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