by AD ➕follow (1) 💰tip ignore
Comments 1 - 20 of 20 Search these comments
Much of this is too-low interest rates, and too many mortgage guarantees by the government. In fact, there should be zero mortgage guarantees by the government. It just makes housing more expensive.
There has to be some scenario under which mortgage rates rise, but I don't know what it is.Incomes going up across the board. Maybe if good paying jobs come back to the USA and jobs go to citizens first. No illegals or h1b's suppressing wages.
By the way, Pubah Pat, I can't see my own comments any more. Really strange.
Just posted one on Mr Panther's note and while it registers on the post annunciator on the index page as (1) comment, when I click on the item, my comment is not there - for me, anyway.
I foresee interest rates going to a new low after this unprecedented economic crisis created by the fear mongers and healthcare bureaucracy.
Lend money to the wrong guy and you lose, buy an asset with borrowed money and you may lose.
Cash is dirty and should not be used anymore. All money must be deposited in a bank account. A small negative interest rate will be charged to keep y our money safe.
Except -- the Fed might buy them at low interest rates with newly printed cash.
Looks like we are stuck with low interest rates
Okay, but what caused the housing inflation in the first place?
Onvacation saysI notice your ignores are back up to 51. Maybe you accidentally ignored yourself?
Yes, I was disturbed at my hater base was shrinking. Fixed.
“Real estate values became very, very inflated; asset values throughout the financial industry became very, very inflated; and a bubble was created, and it didn’t take much to penetrate that bubble”
----Angelo Mizolo, former Countrywide Mortgage CEO
https://www.cnbc.com/2019/05/10/former-countrywide-ceo-angelo-mozilo-says-crisis-wasnt-his-fault.html