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NickFF2326 t1_j6pfgiu wrote

What’s gonna drive the foreclosures when everyone is locked into fixed rates already? Unless unemployment goes much higher, that shift isn’t happening soon.

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Meat__Head t1_j6pgeh1 wrote

People selling to lock profit and then they will choose to rent instead of buy, while the new owners are underwater and will eventually go into foreclosure due to not being able to afford the payments. Then the people renting can come back and buy the dip on the housing market. It's going to take a long time but that's my guess.

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