Actual alternative AP headline on Yahoo: "Is tax deal a threat to a housing recovery?"
1 posted on
12/09/2010 11:33:39 AM PST by
Qbert
To: Qbert
The economic idiocy is astounding
2 posted on
12/09/2010 11:36:31 AM PST by
GeronL
(#7 top poster at CC, friend to all, nicest guy ever, +96/-14, ignored by 1 sockpuppet.. oh & BANNED)
To: Qbert
Maybe the morons at the Ass. Press believe extending the unemployment benefits to three years will aid the housing market.
~sheesh~
3 posted on
12/09/2010 11:37:49 AM PST by
Responsibility2nd
(Yes, as a matter of fact, what you do in your bedroom IS my business.)
To: Qbert
The vast majority of those who can qualify to refinance have already refinanced. That means credit wise or will their house appraise.
4 posted on
12/09/2010 11:38:56 AM PST by
Terry Mross
( Reagan made one mistake: He chose Bush as his veep. We've been paying for it ever since.)
To: Qbert
The other side of rates going up is that house prices will go down.
5 posted on
12/09/2010 11:45:42 AM PST by
DaxtonBrown
(HARRY: Money Mob & Influence (See my Expose on Reid on amazon.com written by me!))
To: Qbert
Yeah, sure, so a
pay cut for everyone in the country that is working is going to
help the housing market?
These people are morons.
To: Qbert
One thing that cracks me up: When people buy a home, they don’t buy a price. They buy a monthly payment. This means that if interest rates rise, prices will fall, to keep the monthly payment the same.
8 posted on
12/09/2010 11:50:48 AM PST by
RobRoy
(The US Today: Revelation 18:4)
To: Qbert
Rates started going up when Bernake came out with QEII.
9 posted on
12/09/2010 11:58:58 AM PST by
willk
To: Qbert
A mere 25 years ago a 4.1% mortgage rate would have been eye popping indeed.
Back then they were 8-9%.
And somehow the world soldiered on.
Not uncoincidentally, home prices were much lower then in terms of the average income.
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