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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (455)	8/28/2001 6:44:34 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

Nothing....NOTHING....will scare more people into buying real estate than when Greenie (or his successor in that job) starts raising interest rates. Even though short-term interest rates regulated by the Fed have nothing to do directly with mortgage interest rates, the psychological effect is powerful. And if Greenie raises rates, it means inflation is becoming a threat. One thought....no one who buys a home EVER thinks he's getting a good deal or that he hasn't become suddenly "house poor." Give it a few years---this same buyer will see his good fortune.