They are also missing the point that the cost of materials has gone way up so if you compare the cost of building what you may have now you are way ahead of the game. Unless you are leveraged out the ying yang!
Statement to the pundits....Its where I live....not a liquid investment!
This is the dumbest thing I've seen. 6.5% is still historically low.. and a deal!!! The only reason it's falling is the media has been saying it would fall. If people think our prices are high, they should look at prices around the world -- even Mexico.
Don't forget that the Fed is closer to beginning rate cuts then rate increases.