You can read the detail but here are the bullet points.
- New rule: Put more money down.
- New rule: Stay for a decade.
- New rule: Brace for competition.
OK, I have problem with number 3. There so factors pushing down home prices, I.don't think it will pan out in this new market You have unemployment issues, inflation, higher mortgage/interest rates, 7-10 million homes in shadow inventory, and harder income and loan qualifications. There is not a lot a people that will rush out and purchase a home especially when you could earn 5% in the bank again, which will happen when Federal Reserve is forced to raise interest rates.Read it all.