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: Amy J who wrote (8782)	2/9/2003 12:24:49 PM
From: John Chen	Read Replies (1) of 306849

Amy,re:"assumption..interest". That's a wrong assumption. Reasons: > we cannot afford it: If you borrow money, you want to pay the least in interest. The FED needs to borrow money (with the advantage of able to print some). > the FED is favoring a particular group of people. (they always do, remember the LongTermCapital crap..., they always bail out someone). Low interest rate seems to help a group of people. > No inflation, no wage pressure, no nothing. > Interest-rate relationship with RE is about to run it's course. Good paying jobs is the next issue. > high-end market, those are not for the average wage earner. But they do have a BAD influence on other people's living. This is a have vs haven't issue and has nothing to do with interest-rate. These house has no standard prices, it's a matter of the affluent's extra cash. > most things in life has cycle ... be patient ... there are choices ... don't hang out with the wrong crowd ... don't be confused by the smoke-and-screen of the rich and famous ... don't get the drug habit ... life is easier that way. > RICH people have RICH problem.

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