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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Steve Lee who wrote (5723)2/25/2002 10:34:07 PM
From: Hawkmoon  Read Replies (1) of 33421
 
Well.. the rates are generally locked in, so I don't see much need for the % to dramatically climbed. I just assume they buy less expensive houses and cars during periods of high interest rates, and buy more expensive homes and cars when rates are low.

But overall, the percentage of disposable income used for mortgages and transportation remains relative constant since most families have a budget based upon what they can afford and still be able to afford to feed the kids and keep them in school clothes.

Hawk
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