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

To: Beachside Bill who wrote (238555)	2/16/2010 3:07:11 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

it will likely hit all at once - and it ain't gonna be pretty! "housing has already fallen a lot, so increasing interest carrying costs by 60% won't drive prices lower at the margin" apparently passes for "logic" nowadays. btw, i'm not saying that we'll see 8% mortgage rates soon - i don't know. but i am sure they will eventually come again. it might take a while, though, or not. it all depends on how the foreign private banksters respond to america's funding crisis. and it isn't like incomes are going up anytime soon. ps - if you don't lie 8% rates, what about 12% or higher rates?