congrats! but risk is obviously that property prices as a whole will start to deflate but if its your primary residence and you are going to live in forever it will be fine, you are on the hook for whatever you bought the property for vs market price.
people that were using cheap mortgages to purchase additional properties with the aim of flipping it, who were also leveraged, are screwed.
the last bit of bad news is that property prices may not rise for people who buy the dip, we are entering into a global recession and the world's biggest real estate market have declined with no hope of making a comeback.
people that were using cheap mortgages to purchase additional properties with the aim of flipping it, who were also leveraged, are screwed.
the last bit of bad news is that property prices may not rise for people who buy the dip, we are entering into a global recession and the world's biggest real estate market have declined with no hope of making a comeback.