Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ramsey Su who wrote (51174)	6/21/2004 9:00:39 PM
From: Maurice Winn	Read Replies (1) of 74559

Ramsey, I can confirm the smile on the San Diego County property owners' faces. I got an email a few days ago from a Californian who 18 months ago paid $120,000 less than what their house is estimated to be worth now [about $400,000]. Happy, happy, happy! AND with a 30 year fixed mortgage at a lowwwww price, such as about 4%, or 5%, give or take a bit. Meanwhile, Uncle Al KBE is back in the hot-seat and is pixelating another umpty $billion in freshly minted $$$ for his Washington buddies to spend. Wheeeeee....... no wonder the USA is feeling pretty Gung-Ho. Better go. No time to rant. Busy week... Mqurice PS: When interest rates rise soon, a few late buyers might not be grinning ear to ear, especially on variable mortgages. Especially if their job is outsourced to India [or China].

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