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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (48572)	2/16/2006 12:43:15 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

<"Rent can go up, but a 30-year fixed mortgage payment cannot." TRUE, but irrelevant. House owners lose even with a fixed mortgage, because the price of a house falls as interest rates go up.> I think low fixed rate mortgages and cap on RE tax increase on homestead properties keep a big flood of property from hitting the markets at one times in areas that are primarily owner occupied single family in land constrained areas. It's gonna take a very long time to hit bottom. The crash will be in second home and condos...