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Message: <blockquote data-quote="REMIX" data-source="post: 1754962" data-attributes="member: 38327">Last time this happened I bought a Prius. No, I'm not kidding. I dumped a Hemi Ram quad cab and bought a Prius (that's it in my profile pic). No, I won't be doing that again. But I also seem to remember roads got a lot emptier, demand for consumer gasoline dropped off a cliff and things calmed down. People stop doing things like making unnecessary trips when gas is high. Money gets reallocated into the gas tank instead of a night out somewhere. People also freak out and dump their trucks and SUVs.Mortgage interest rates are up about 100 basis points from a year ago, and this along with the price of gas and, ultimately, food and goods will put a pin in an already overinflated real estate market and really dampen discretionary spending. My GF's stocks got hammered last week - bad. I can only imagine what it's doing to peoples' 401ks. People spend and borrow more when they "feel" wealthy.Where it goes from here I dunno, probably not good. I'm in commercial real estate and I suspect residential will get hit hard and then commercial goes with it about a year later. Was looking for another house in January, but gave up. I've saved and I've decided to just wait it out.</blockquote>