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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Skeeter Bug who wrote (238553)3/2/2010 1:41:11 AM
From: John VosillaRead Replies (1) of 306849
 
'what do you suppose will happen in inland CA when mortgage rates go above 8%?'

In stagflation people stay put and enjoy those 5% fixed rate mortgages and very affordable payments like many did in the 1970's. This will offset lower demand due to rising rates. Amazing few ever bring up that if you look at the history the heartland performed much better than the higher cost coastal areas that decade. The coasts took off in the 80's with Reaganomics<g>
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