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To: AllansAlias who wrote (77719)	7/21/2003 9:32:17 PM
From: NOW	Respond to of 209892

rates rising causing buying binge:wont happen that way for most, imo in my area; top realtor friend i spoke with said everyone has been maxed out to the penny on their offers to buy (that with rates much lower). If so, they either find a new cheaper property, or pull their bids.

To: AllansAlias who wrote (77719)	7/21/2003 9:47:23 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Yes, I think that this is actually happening. Families that wanted to buy a house over the past few years and didn't do so are in a very hard situation. It is a short squeeze of sorts. They are under pressure to buy, and many are buying. The ultimate irony would be that if the USD really gets destroyed, today's buyers might turn out to be better off then the sellers. Namely, even though the "real" prices of their holdings would come down, their payments might turn out to be really trivial. And they'll have their homes. Such a serious inflation may have never happened in the US in the past, but this time might be "different". I find it disturbing that the US government AND large segments of the population are BOTH interested in inflating debt out of existence.