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<blockquote data-quote="DMD" data-source="post: 5407661" data-attributes="member: 2937"><p>I haven't read all the comments on this thread, but I believe there will be a correction to the market at some point. So many people have overspent on property and homes. Many will find themselves underwater. Inflation is going to speed that up (unfortunately). People won't be able to afford the huge payments they've entered into. Property values will drop. The one wildcard in that scenario is all the people from up north that are moving in. We are seeing a huge influx in our county. They will pay whatever - it's still way cheaper than they are used to paying where they are from. But, I still believe there will be some correction. Prices are way over inflated right now.</p></blockquote><p></p>
[QUOTE="DMD, post: 5407661, member: 2937"] I haven't read all the comments on this thread, but I believe there will be a correction to the market at some point. So many people have overspent on property and homes. Many will find themselves underwater. Inflation is going to speed that up (unfortunately). People won't be able to afford the huge payments they've entered into. Property values will drop. The one wildcard in that scenario is all the people from up north that are moving in. We are seeing a huge influx in our county. They will pay whatever - it's still way cheaper than they are used to paying where they are from. But, I still believe there will be some correction. Prices are way over inflated right now. [/QUOTE]
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