To: CROSSHIGHWAYMAN
What happens when interest rates go up to 9%? There is an inverse relationship between interest rates and real estate. You are right, they aren't making more real estate, and in the long term the prices will increase, however, we live in the short term. Find out how it is when your house depreciates by 15% and you can't even find a buyer. It has happened numerous times in the last 50 years and it will happen again. Believe it or not.
18 posted on
01/18/2004 10:53:22 AM PST by
ItisaReligionofPeace
(I'm from the government and I'm here to help.)
To: ItisaReligionofPeace
What happens when interest rates go up to 9%? IF that ever happens again, a Republican will be elected to fix it.
98 posted on
01/18/2004 2:56:29 PM PST by
CROSSHIGHWAYMAN
(I don't believe anything a Democrat says. Bill Clinton set the standard!)
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