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

To: excardog who wrote (2016)	3/16/2004 7:05:24 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 116555

Fed holds rates steady: Everybody on the thread gets a gold star (except for me of course). A few observations on home building and stuff: My kid and I were at Briar park today. It looks like like development is going to begin on about two dozen home sites ...underneath high tension wires. The roads, sidewalks, and utilities look like they were put in last summer. I am surprised this is not left as greenspace, you would think a developer would do better any place else, but lots are getting scarce in south Snohomish county. I suppose my opinion is worth a little less than two cents now, at least on interest rates, but I say that the fed will raise rates this summer. There will be some jobs generated by the hot RE market this spring, and I think I've already pointed out that I see more building in my area than I have in the last eight years of living just north of Seattle. That is something I think I can find out easily enough, permits, and I will try to confirm the numbers for, say, MLT/Briar/Bothell area. This was interesting, I ran my numbers through "how much house can you afford" calculator at bankrate.com. It turns out the house I am living in is a little out of my range (it was quite affordable eight years ago, and I only have six years left on my loan, I guess my salary has not kept up with house appreciation in my area-- glad I got in relatively cheap...) Finally, I'll probably have to let go of some of my $20 Rydex Juno if it goes much below $19. I can live with a 5% loss, but not much more than that I think. I've had worse spankings, a lot worse. I've not been right very often these past few years, a little discouraging.