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To: ajtj99 who wrote (77708)	7/21/2003 9:05:27 PM
From: The Freep	Read Replies (2) \| Respond to of 209892

If I had a dollar for every time I told Mrs. Freep that housing prices here in LA were heading down... well, we could use that money for a downpayment. Yes, rates are going up. Yes, the houses we looked at over the past week all sold over asking. Yes, refinancings will stop... but don't forget that 6% or even 7% home loans are, historically, quite cheap. Plus there's probably gonna be a plateau/correction err long. In other words, I doubt mortgages are going straight up to 7%. If this is a major trend, we'll talk then. But this real estate bubble started with HIGHER rates. Again, the impact on refinancings and that follow through on the economy is something I cannot measure. But my mom would scoff at y'all calling for a death knell of real estate with 6% rates. Anyway, the market hasn't topped, as we freep's haven't bought yet. THAT will mark the high, and I will alert you all. the freep

To: ajtj99 who wrote (77708)	7/21/2003 9:17:55 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 209892

<<Besides, my kids would trash my place if I fixed it right now. The baby wrote all over the walls last week while the babysitter was there (she got hold of some crayons that aj & tj left by the side of a table). The twins flooded one bathroom a couple days before that (an action figure went "diving" in the toilet). I'm just fortunate they have not discovered the magic of fire yet (actually, that kind of would solve the problem).>> ROTFL! As a dad to a 7 year old boy, I empathize, and commend you on yer creative solution to the "housing glut"...<G>