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Aaron N. Tubbs

Dragon chaser.

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I happened across this article on the impact on real estate in the event of a 2% interest rate hike, and while it’s catering to the UK market, it lead me to some interesting (though obvious) thoughts. I think we could see a similar impact on the housing market in Stamford, say, which would in theory cause an abundance of supply due to the amount of people that could no longer afford their mortgages. That should make a lot cheaper (though there’s still the problem of the expensive mortgage hanging around). Again, this is all obvious, but it makes me wonder more about the intelligence of buying in this market, recognizing this probably isn’t going to be a 30-year house.