Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 1 month ago

how would a "housing market crash" affect current home owners? how will vary or depend?

Update:

and why think it will happen or not and when?> why?

3 Answers

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  • Anonymous
    1 month ago
    Favorite Answer

    A housing crash would only affect current owners if they wanted to sell, and their house was now worth less than they paid for it.

    Otherwise, it doesn't matter on a day to day basis what your house is worth.

    As to, will it happen, who knows. It's not something that I've heard rumoured to happen.

  • 1 month ago

    A "housing crash" might mean lower local taxes (but I doubt it.).  Loss of job is what can lead to loss of home.

  • Anonymous
    1 month ago

    Its not going to happen. Rates will remain low for many years and housing prices are a function of rates.

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