///AMG
Well-Known Member
Maybe I’m not envisioning a crater, which is why I wouldn’t compare it with 2008. But I really dont think these prices are sustainable. Perhaps that is what people were saying 30 years ago too. I just know that wages will need to go up drastically. That being said, around these parts, there are no shortage of cash buyers for $2M+ homes……I guess what I’m really saying is that all these folks who have bought very expensive very basic houses at high (in relative terms to recent years) interest rates…….that seems like a ticking time bomb if the economy recesses….or at least will adjust the market as they offload for things that are more affordable