SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Deflation
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JF Quinnelly who wrote (233)1/23/2004 6:43:36 AM
From: Ilaine  Read Replies (1) of 621
 
There may well be a bubble in the housing market - a house two blocks away that is smaller than ours just sold for twice what we paid for ours four years earlier.

But - interest rates on houses are below 6%, and with the tax break, owning is cheaper than renting.

What people worry about isn't the total debt level but the debt service level. As long as Joe Sixpack can make the monthly payments he doesn't seem to even notice how much he owes.

As for me, I'm working on trying to do more bankruptcies. I actually feel anger at lenders that target my poor goony clients. They know marks when they see them.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News