Fed holds rates steady: Everybody on the thread
gets a gold star (except for me of course).
A few observations on home building and stuff:
My kid and I were at Briar park today.
It looks like like development is going
to begin on about two dozen home sites
...underneath high tension wires. The roads,
sidewalks, and utilities look like they were
put in last summer. I am surprised this is
not left as greenspace, you would think a
developer would do better any place else,
but lots are getting scarce in south Snohomish
county.
I suppose my opinion is worth a little less
than two cents now, at least on interest rates,
but I say that the fed will raise rates this
summer. There will be some jobs generated by
the hot RE market this spring, and I think I've
already pointed out that I see more building in
my area than I have in the last eight years of
living just north of Seattle. That is something
I think I can find out easily enough, permits,
and I will try to confirm the numbers for, say,
MLT/Briar/Bothell area.
This was interesting, I ran my numbers through
"how much house can you afford" calculator at
bankrate.com. It turns out the house I am living
in is a little out of my range (it was quite
affordable eight years ago, and I only have six
years left on my loan, I guess my salary has
not kept up with house appreciation in my area--
glad I got in relatively cheap...)
Finally, I'll probably have to let go of some
of my $20 Rydex Juno if it goes much below $19.
I can live with a 5% loss, but not much more
than that I think. I've had worse spankings,
a lot worse. I've not been right very often
these past few years, a little discouraging. |
