I agree that the market cannot withhold continual spikes in interest rates and at the end of the day, wages must support the cost of living.With that being said, he does have the luxury of sitting on $100 million.

@Bryan Noth, thats awesome, I bought a property in 78617 recently south of airport, still DV .The area is seeing sharp spikes as well but not as high as 78725, maybe it's a matter of time?

His take is that there was a simultaneous spike in demand and drop in supply.

2) If prices drop, do you anticipate rates to also spike? 

The reason I would reimburse him is because it sounds like you had an agreement to do the work and you drug you heels on getting back to him.

All project's Achilles heel are the Change Orders....they will eat up your extra $$ and will aggravate the Contractor.

Lenders repossessed around 7,000 properties in the first quarter of 2021, 87% fewer than in the same period in 2020, even though the share of mortgage debtors that were behind on their payments spiked to a high not seen since the global financial crisis (see chart 3).

PSA: Vegas rents have spiked significantly the last 2-3 months due to high rental demand, low supply and institutional investors heavily investing in our market.

Used car prices spiked and have already flattened- up only 0.2% in July.

Colorado Investors - we've been helping quite a few investors do cash-out refinances on their rental properties in Colorado and Texas because there has been such a spike in valuation, but I was talking to an investor the other day and he was telling me he always considers his Return on Equity verse his current (and future) cash flow when deciding to do a refinance or not.