South Korea capital Seoul has insane appartment prices (houses uncommon, only tycoons own them). Most are renting, yet prices aren’t collapsing, quite similar to NYC.
Trust me, you can’t have market peak if there is housing deficit, regardless of rates & high prices. Check out 80s &2000s rate hikes, but we had the best property growth (doubling in value) during both eras . Rate hikes will only cause massive rotation from the overvalued stock & bond into raw materials (aka commodity). High Commodity prices will only inflate cost to build houses & everything else.
If life is so easy to predict, everyone is a multi billionaire. Follow the market , not what you think.
