The consensus for people I talk to buying houses right now is that it’s tough but “yeah, I’ll just have to refinance when rates come back down.”

It reminds me of how certain a lot of people (myself included) were that bitcoin was just going to keep going to $70k-$100k, no chance or thought of a double top in my mind.

It’s scary, what happens if rates just don’t come back down next year or the year after or the following? Can the majority afford their payments with these higher rates? I hope so