Waxing pedantic, but calling the inflation of the 1970s "hyperinflation" is hyperbole. ;)
Builders may choose not to build, but if mortgage interest rates get high enough, prices on existing homes will come down because people simply won't be able to afford the monthly payments at current prices. My neighbor across the street here is a real estate agent and his opinion is we're already starting to see this happen.
Waxing pedantic, but calling the inflation of the 1970s "hyperinflation" is hyperbole. ;)
Builders may choose not to build, but if mortgage interest rates get high enough, prices on existing homes will come down because people simply won't be able to afford the monthly payments at current prices. My neighbor across the street here is a real estate agent and his opinion is we're already starting to see this happen.