Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

Of course a fall in RE value

Homeowners will look at:
- what neighbors actually accepted recently vs inflated offering prices if they had to sell their house in higher interest rate environment
- what they owe monthly on current property, probably low interest rate refi, vs new mortgage carrying costs
- increased property tax costs, a big unknown if economy doesn't improve
before they upgrade to bigger house just for economic reasons driving current housing boom.