The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Timetobuy who wrote (330)	8/27/2001 7:49:50 AM
From: Tom Gordon	Read Replies (5) of 306849

Timetobuy, you have resonated my exact take on this economic situation from a previous post. Housing will plummet when interest rates begin to rise and the deals will be a plenty.This might not sound good as one wants to lock in at the lowest rate possible, but, why buy at an inflated value solely for that purpose only to watch there purchase devaluate. Waiting will be far better, paying a greater rate for a much devalued house far outweighs the risk previous to. Gov't agency housing debt is now 2.4 trillion or 23% of GDP.At current growth rates, it will exceed national debt in four years.These nos. threaten systemic risk to the financial markets and US economy. I personally can't see anything compelling enough to lure me into purchasing a home now. I'm I missing something here? Regards,Tom.

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