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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: neolib who wrote (241713)3/22/2010 11:31:54 AM
From: Jim McMannisRead Replies (1) of 306849
 
Most people only look at thier monthly payments. When rates go down monthly payments go down. People buy bigger plus the buying pressure drives up prices. Inversely. Lower rates higher prices. Greenspan, Bernanke and the FED should take a lot of the blame for the housing bubble. As should lending practices. Fanny Freddie, Clinton, Bush, Congress, lobby money etc... Not to mention plain ole' personal greed.

But without riduculous low rates a lot of the fuel would have been off the fire.
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