Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (133799)	11/10/2001 8:59:33 AM
From: sun-tzu	Read Replies (1) of 436258

<The danger is that each round of refis gets us closer and closer to the point where either interest rates start back up, or at least no further cash can be realized by consumers from their real estate. At that exact point the credit bubble (and the real estate bubble) will reach their apogee.> patron...you hit the nail right on the head(and used apogee in a sentence!). but i think it'll take longer than we might expect. i'm about to close on a waterfront property (i live in the Chesepeake Bay area) and will build a new home there. i know a number of people who are doing the very same thing. it seems that this area is having a demographical influx of people from the city (i did this 4 1/2 years ago from philadelphia), and the housing market is still red hot. the cost of living is much cheaper in my area. i suspect when these pockets of economic resistance dry up, we may in fact be at that breaking point. certainly the writing is on the wall.

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