The Investment Thread

bclemms said

I actually think the housing industry is going to start cooling and level off as rates increase and supply chains normalize.

I bet we are about to see a huge run on credit card debt and everyone can get a credit card in the coming months. More than likely though, it's going to be something we don't see coming.

Click to expand...

Nationally i think so.

locally ( micro level ) - we just had the river parishes razed by Ida and storm surge- The mass migration north after Katrina is about to happen again from those in the River Parishes. Not on the scale of Katrina but it will happen...many will go more toward Hammond/BR - but there will still be a large contingent moving into St. Tammany area once again. Willing to pay a premium to get out of harms way. Especially if they apply/receive the SBA 1% loans that will be readily available to many of them.

My fear locally, is we will be behind the national curve by 6 months and when it finally does come home to roost, it will be tough for many because that will drag economy , in turn drag down income, and now its two-fold pressure on the homeowner.