Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (109168)	4/14/2005 9:15:39 AM
From: michael97123	Read Replies (1) \| Respond to of 793914

Many young folks were encouraged to flip by low rates (particularly arms) and a fast appreciating market. They treated it like some of us treated the stock market in the 90s. It is getting harder to do now and because there is no housing exchange, commissions are so high and short term rates have risen, there is danger of being trapped in an illiquid market with falling prices and rising rates all at the same time. This is one bubble none of us want and hopefully yesterdays market action indicates rates will not rise much further so at worst prices will just remain flat or slight down rather than bust. Mike