Quote:
Originally Posted by feb
I think one problem with the "at what point will towns wake up and start being frugal" thought is that it isn't as strong because for every one of us trying to keep a grip on our dream there are 100 people in line waiting for us, with cash, to lose that grip and decide to sell to them. Towns don't care who pays as long as they pay.
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We haven't really had a recession in over 15 years, other than the first 6 months of the pandemic and then prices took off. That's the only thing that really resets the economy and causes prices to decline. Prices on everything have gone up substantially and people are still working off that sub 3% borrowed money. At some point the consumer will balk at the increases and pull back. I don't think things can keep going up at this rate much longer without a pull back.