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Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (2570)11/7/2008 2:20:13 PM
From: c.hinton  Read Replies (1) | Respond to of 3816
 
tim higher taxes would have reduce the spendable income of home purchasers.

less liquidity....higher interest rates ...smaller bubble



To: TimF who wrote (2570)11/7/2008 2:22:49 PM
From: c.hinton  Read Replies (1) | Respond to of 3816
 
also consider the inverse relation between interest rates and house prices.....

a home buyers purchase on credit is limited to the monthly payments he can make.

less spendable income means he can only afford a smaller mortgage

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