You would completely kill the housing market going to 15%. That would put a 300k house which is barely starter home price 30 year mortgage at over 3500 a month. If you go up to the average home price of 512k you’re looking at roughly 6k a month. Unless labor wages magically unfuck themselves for decades of losses there’s no way it brings prices down over completely crashing the market.
You would completely kill the housing market going to 15%. That would put a 300k house which is barely starter home price 30 year mortgage at over 3500 a month. If you go up to the average home price of 512k you’re looking at roughly 6k a month. Unless labor wages magically unfuck themselves for decades of losses there’s no way it brings prices down over completely crashing the market.