patrick.net

In my opinion, why would anyone want to buy any property right now? Whether you can qualify or not? Here is a quote and a link: "No one can accuse the Fed of not trying hard enough. To reverse the biggest housing market collapse since the 1930s, the Fed embarked on an unprecedented program of buying up hundreds of billions of dollars' worth of mortgage bonds and driving mortgage rates to record lows. Despite that effort, private investors remain leery of putting up cash to back mortgages: roughly nine of our 10 new loans are still backed by the government." The Link: http://bottomline.msnbc.msn.com/_news/2011/12/13/9420052-fed-battling-economic-forces-beyond-its-control What is this saying? It's saying its a manipulated market to me. Save your money, buy 4 properties later. Not to mention the 29 lockboxes for a complex of 172 or 16.8% with only 4 currently on the market. manipulated manipulated manipulated.