patrick.net

bmwman91 says

RentingForHalfTheCost says

20% up means a 20% correction is coming when the lies come to roost. Wait for it...

I think you are being too optimistic. Interest rates can still go lower, and you can bet your ass that the 40-year mortgage will become the new normal in the next decade.

That is a valid argument and one of my fears. The free money train speeds up even more. There are two ways this train stops. Fiscal responsibility creeps into the minds of the average person in this country, or we go to war again. Either will be very painful. War sucks, so I hope we get the first, but I wouldn't hold my breath. It hasn't happened in my lifetime yet. This country is still living on borrowed money even after we have seen a hint of the damage it can cause.

100 year mortgages might be a possibility in order to keep Phoenix prices from falling in 2013.

robertoaribas says

Please refrain from insinuating that I'm stupid or that I need to review basic economics. Trust me, it just makes *you* look bad.

your question doesn't imply your stupid, so need to worry about that!!!

There must be a clinical diagnosis for this type of behavior from our always predictable Phoenix Billionaire. I'm no doctor, but I think we have a wild one here. His insults on anyone talking to him seem to match him much better than the intended victim. Sometimes, I have to wonder about his mental stability. Very questionable. Any doctors in the house?

robertoaribas says

Whenever you develop the ability to not be a blithering idiot, I'll be happy to quit insulting your intellect.

Predictable response from you. Hope you find what your after. Pump yourself up and put others down. Still doesn't change a thing about the sorry state of the real estate market in this country. Your insults are old and don't do you any help in credibility. An intelligent person would get that connection.