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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: jrhana who wrote (1739)5/23/2003 7:38:00 AM
From: zonder  Read Replies (1) of 4912
 
How is it different?

<People I know are generally buying wiht the idea that sooner or later it will go up
They state also that even if the prices go down some in the future the interest rates will be higher, and they seen more concerned with the payment than the price.>

Basically you are saying:
(1) "People you know" are buying with the idea that the prices of the house they buy will be higher in the future >> I believe that is not going to happen in the coming years. In a decade, they might be right - bubble bursts, then prices recover in a decade to where they were. Yeah, in some distant future they will be higher but why would you want to invest NOW for that?

(2) They expect interest rates higher "even when" prices will go down >> OK, I also think prices will go down and interest rates will go up. Can't see how that is a Good Thing for people who buy houses NOW, though.

(3) They are concerned with the payment (due to higher interest rates) than the price >> Then they are not being very clever, forgive my bluntness. They should ALSO be concerned for the worth of their brand new house going DOWN, as well as the expectation that their payments will be going up.

So what is it about the above that you think I have previously misrepresented, and which of my comments you like to challenge?

Anyway, if you think houses are a good investment right now, don't let me stop you :-) We will talk about it in a year or two...
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