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Six percent interest rate will kill housing bubble

By tovarichpeter   2013 Sep 12, 2:23am   1 link   665 views   9 comments   watch (0)   quote      

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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Comments 1-9 of 9     Last »

1   freak80     2013 Sep 16, 5:47am  ↑ like (1)   ↓ dislike   quote    

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   432/436 = 99% civil   2013 Sep 16, 5:53am  ↑ like   ↓ dislike   quote    

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     2013 Sep 16, 5:54am  ↑ like (3)   ↓ dislike   quote    

POP, BUBBLE, FUCKING POP!

4   iwog   1539/1540 = 99% civil   2013 Sep 16, 6:09am  ↑ like (1)   ↓ dislike (1)   quote    

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   558/558 = 100% civil   2013 Sep 16, 6:18am  ↑ like (1)   ↓ dislike   quote    

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

6   Moderate Infidel     2013 Sep 16, 6:19am  ↑ like (2)   ↓ dislike   quote    

It's different this timeĀ®

7   Facebooksux     2013 Sep 16, 7:12am  ↑ like (1)   ↓ dislike   quote    

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     2013 Sep 16, 7:46am  ↑ like   ↓ dislike   quote    

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   1/1 = 100% civil   2013 Sep 16, 7:49am  ↑ like   ↓ dislike   quote    

Comments 1-9 of 9     Last »

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