Housing Market Remains Risky Despite Slight Rate Drop
• Mortgage rates have dropped slightly but are still very high at 6.6%, meaning buying a house is still unaffordable for most people • Home prices remain overvalued, so buyers will end up paying hundreds of thousands extra and likely not recoup the home's value • Banks will be bailed out when the housing market crashes, while regular homeowners face bankruptcy and homelessness • Home sales picking back up indicates people still don't understand the risk of overpaying and getting locked into crushing debt • Despite claims of a "comeback," the housing market is still in big trouble and could trigger a larger economic crisis for generations