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Rising prices stoke fears of kool aid intoxication


By golfplan18   Follow   Wed, 30 Jan 2013, 11:18pm PST   384 views   1 comment
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http://ochousingnews.com/news/rising-prices-stoke-fears-of-kool-aid-intoxication?source=Patrick.net

Everyone wants to make money for doing nothing. Learning about investing takes time and effort, and the results are far too slow to satisfy most people. Plus, you have to sell the investment and pay taxes on the gains. It’s too much hassle. Real estate is so much better. Everyone is already an expert on real estate (or so they think) because the live in a house or condo. No learning is required, and when people get lucky and catch a bubble, they get to pat themselves on the back for their great financial prowess. And best of all, they...

Oil Can   Wed, 30 Jan 2013, 11:21pm PST   Share   Quote   Permalink   Like   Dislike     Comment 1

Mortgage rates are barely up .2% and it's already slowing mortgage activity. See what happens with 30-year mortgage rates hit the 3.75% to 4.00% range. It will completely cool the market.

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