What was said around it
competition, you could come in with an offer that just makes sense. Overall, though, I still take the stance that renting for most people in the short term is going to be the cheaper option, especially with mortgage rates above 6%. Like to play devil's advocate here, even though buyers can negotiate, home prices are still significantly higher than they were just 6 years ago. So, unless we see a mass wave of selling combined with much higher mortgage rates, housing prices are really unlikely to see a substantial drop anytime soon. And what's most likely going to happen is that we see a flatline or a slow trend downwards, but it's not going to be anything crazy. Although, in terms of what Jerome Powell just said, his warning for the future and how our entire economy is about to flip once he's replaced in May, here is what you need to know. First of all, like I mentioned earlier, the Federal Reserve has chosen to pause interest rate cuts for the foreseeable future, all because of the risk of returning inflation thanks to higher oil prices. And even though there is a chance the entire situation resolves and oil prices come down just as quickly, it's too early to tell. And for that reason, the
What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.