Why? I know we aren’t supposed to apply anecdotal experience to macroeconomics, but I have 6 different friends and 3 coworkers in my department who have all bought multiple houses. They did this because debt was so cheap and they essentially bought as much house as they could. They ALL plan on flipping or renting. I have a feeling that losing access to cheap debt is going to have a bigger impact than people realize. None of these people would have bought these houses if they couldn’t get a 3% interest rate and a 30 year loan.