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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (641)	2/25/2004 9:33:43 PM
From: Wyätt Gwyön	Respond to of 116555

Affordability is an issue but we have to remember that interest rates are at historically low levels so we feel that mortgages are still generally quite affordable for first-time buyers." But Durlacher, a City stockbroker, said the shortage of first-time buyers was a sign of a speculative bubble it believed would burst, sending prices tumbling by almost a half LOL, i was just talking to a British friend whose mum bot a house for 58K (GBP) a couple years ago and was just appraised at 175K (GBP). lucky houses are so "affordable".