Do you think "frum sprawl" is good for property values near the "main" shul?

[EliJelly]

I think economic policy will do as much as possible to ensure rates rise only gradually

The rate changes from 2 months ago and now was very far from gradually.

[avromie7]

A spike in interest rates is probably one of the worst things that could happen right now, so I hope you're wrong. The stock market would crash badly and fixed income investors will be wiped out. For a large group of people, 40 years of retirement planning go up in smoke. I think economic policy will do as much as possible to ensure rates rise only gradually

Do you have a better solution to slow down inflation?

Not to mention the real estate investors who won't be able to make their payments

Why? They have their rate locked in

[whYME]

I was talking earlier this week to friend who bought a house a couple of years ago down the block from me, and is now going through the torture of dealing with renovations. He told me that he told someone who has been wanting to buy a house in Crown Heights for 20 years, that until he makes the mental switch to be willing to overpay, he is not likely to buy a house. I think he is absolutely right. Had I held out for the $16,000 overpayment back in 1997, or due to the higher rate I had to pay on my mortgage and PMI because I put down less than 20%, I might have not owned a home now. I recall several sales on my block, and with many of them I thought the guy overpaid, in retrospect anyone would have loved to purchase those houses for the prices those people "overpaid".

[Euclid]

 Why? They have their rate locked in

Assume he's referring to investors who took hard money and/or high rate loans, with the plan to refi and cash out after 18 months.

[AsherO]

Assume he's referring to investors who took hard money and/or high rate loans, with the plan to refi and cash out after 18 months.

Or investors who borrowed with floating rates that are tied to an index

[aygart]

Or investors who borrowed with floating rates that are tied to an index

This out of they are only locked for a short time

[thaber]

This out of they are only locked for a short time

+1 much of the recent frenzy in commercial real estate was funded by bridge loans for deals that really should not have been bridges. Their internal calculations are predicated in rates staying sub 4%