Six percent interest rate will kill housing bubble


By tovarichpeter   Follow   Thu, 12 Sep 2013, 9:23am   411 views   9 comments
In South San Francisco CA 94080   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.sfgate.com/business/networth/article/6-mortgage-rates-may-be-what-stalls-housing-4806987.php

Page 1 of 1 When will rising mortgage rates choke off the housing recovery? The tipping point, based on surveys of consumers and economists, is around 6 percent. But like everything in real estate, it depends upon the location. Mortgage rates have shot up by more than a percentage point since May, when Federal Reserve officials started talking about tapering the Fed's bond-buying program as early as this fall. The program, also known as quantitative easing, was designed to lower interest rates. Fears of a Fed exit from the bond market have jacked up the rate on 10-year Treasurys and...

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  1. freak80


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    1   12:47pm Mon 16 Sep 2013   Share   Quote   Permalink   Like (1)   Dislike  

    It's not a "bubble" if the media is calling it a "bubble."

    It's a bubble when the media is warning everyone to buy now or be priced out forever.

  2. FortWayne


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    2   12:53pm Mon 16 Sep 2013   Share   Quote   Permalink   Like   Dislike  

    If rates were near 5% it would probably be fine. When rates get too high, you get all those unproductive worthless cash investors gobbling up all inventory everywhere cannibalizing the poor.

    When AF jokes about cannibalism... it's all just too real in real estate business.

  3. APOCALYPSEFUCKisShostikovitch


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    3   12:54pm Mon 16 Sep 2013   Share   Quote   Permalink   Like (3)   Dislike  

    POP, BUBBLE, FUCKING POP!

  4. iwog


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    4   1:09pm Mon 16 Sep 2013   Share   Quote   Permalink   Like (1)   Dislike (1)   Protected  

    freak80 says

    It's not a "bubble" if the media is calling it a "bubble."

    It's a bubble when the media is warning everyone to buy now or be priced out forever.

    Wisdom here.

  5. Ceffer


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    5   1:18pm Mon 16 Sep 2013   Share   Quote   Permalink   Like (1)   Dislike  

    The bubble will pop, leaving icky realtor pus all over everybody.

  6. Moderate Infidel


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    6   1:19pm Mon 16 Sep 2013   Share   Quote   Permalink   Like (2)   Dislike  

    It's different this timeĀ®

  7. Facebooksux


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    7   2:12pm Mon 16 Sep 2013   Share   Quote   Permalink   Like (1)   Dislike  

    freak80 says

    It's not a "bubble" if the media is calling it a "bubble."

    It's a bubble when the media is warning everyone to buy now or be priced out forever.

    Uh, do you read ANY MSM news?

    For those of you on the Peninsula/South Bay, there is a sign in San Mateo hanging on a shitty looking apartment complex located next to the 101, near the 3rd ave exit, on the western side.

    It says something to the effect of, "Invest your 401K in a cash flow positive property."

    I'm pretty sure E-man, pkennedy or Iwag hung it. Maybe Robertoegads101 took a day trip up here to advertise.

  8. FunTime


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    8   2:46pm Mon 16 Sep 2013   Share   Quote   Permalink   Like   Dislike  

    OMG is this all so much thoughtless bs. Please write another article that talks about "affordability" and "all cash" buyers as if they both are of equal interest to readers.

    You, the average American reader, must really care about all cash buyers! As if that's people who just have a bunch of money and say, "Hell, I'm paying all cash on this sucker!" That's so obviously the institutions buying up houses like issues of stock.

  9. exfatguy


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    9   2:49pm Mon 16 Sep 2013   Share   Quote   Permalink   Like   Dislike  

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