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Rising prices stoke fears of kool aid intoxication

By golfplan18   2013 Jan 30, 11:18pm   679 views   1 comment   watch (0)   quote      

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...

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1   Oil Can     2013 Jan 30, 11:21pm  ↑ like   ↓ dislike   quote    

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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