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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (109954)	4/18/2005 1:35:13 PM
From: Hoa Hao	Read Replies (1) of 793790

I don't thing that a rental relationship with housing prices tells you much. Low interest rates sort of collapses the rental markets as new housing is built. I am more concerned on the affordability index of housing and the financial manipulations which attempt to keep the market afloat. No money down loans are now available for regular buyers, not just VA like years ago. Other gimmicks will put people more on the margin for foreclosure. If interest rates go up and ARM buyers are hit with higher payments and they are paying more for gas to get to work, they have to go into other discretionary spending to make up for it. Ultimately, housing is driven by population growth. Be interesting if we end up with a sour economy, high gas prices, high interest rates, high material costs for house building due to the cost of gas; making and carting that material to site, yet nobody can afford to buy a new built house either. Go into a recession but the cost of gas does not go down, interest rates might not drop enough now either. The country was built on low energy prices.

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