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To: LLCF who wrote (82223)3/18/2001 11:51:20 PM
From: chic_hearne  Respond to of 436258
 
When housing prices collapse the sellers won't be able to afford a house... see my local anecdote, these people don't give a crap about mortgage rates. The income has dried up making rates moot.

DAK,

That was exactly my point. I'm saying this hasn't happened yet, but may be starting in a few select geographical areas. For now, lower rates have been enough to keep the RE bubble going yet a few more months.

chic