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To: GraceZ who wrote (84909)3/23/2001 5:43:04 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 436258
 
at least in my "neighborhood" the decline in mortgage rates saw a vast rise in housing prices.....

it's not how much you pay, its whether you can make the monthly payment. the end value of the home is entirely besides the point...

only when mortages/monthy cash flow needs become more dear, do housing prices fall....i.e. become more affordable...

but in real terms only to cash buyers... no one else.