Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: JBTFD who wrote (94492)	2/21/2009 1:21:50 PM
From: John McCarthy	2 Recommendations Read Replies (1) of 116555

Hi Mark Rates have dropped a whole lot since the 1980s, so all other things being the same a person with the same income could afford a lot more house. I disagree. A 1500 sq ft house that explodes in price from $70,000 to $350,000+ reflects price appreciation gone nuts. (re:1987 thru 2004 - my folks home) The fact - that - Rates have dropped a whole lot since the 1980s, so all other things being the same a person with the same income could afford a lot more house. manifest this price appreciation nutty-ness. regards John

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