Yup, Canada lifts rates a .25 and interest rates start going up here pulling the market back. People likely changing their tune on what the Fed is going to do here next week. I find it interesting what the government is thinking up here on interest rates with the average mortgage at $647,000 and about 70% of all jobs related to construction in some way. Property investors have been in the red for the past 6 mths as mortgages come due yet everyone is still expecting a soft landing. I still believe these interest rate levels are going to take down everything in the end. In my day a high interest rate was 15%, in today's world with there being even more excessive debt and wages a third of what we had back in the day makes for dismal times ahead as the "everything bubble continues to deflate......
San Fransh*tsco turning into a bloodbath...60% haircut..ouch
https://therealdeal....ce-tower-in-sf/
