patrick.net

I don't know if it will happens as interest rate drop will help with prices. 30 year has been really falling.

What have many of us who have read Patrick.net been saying pre-2005? This site has been around NOT getting ripped but lately I have seen the RE crowd come in to manipulate reality.

2008 was nothing IMHO so yes you have that title straight. All hell breaks loose maybe trade up that house for toys? Like...get an iPhone for your over-bloated real estate? This guy is trying to do

http://www.ibtimes.co.uk/detroit-man-willing-swap-three-bedroom-house-iphone-6-1468979

tr6 says

I don't know if it will happens as interest rate drop will help with prices. 30 year has been really falling.

As interest rates drop? ARE YOU SERIOUS? What school of finance did you go to? They cannot get any lower without going negative. If anything interest rates are going UP not down and fast. What is happening in my opinion real money is already out of the stock market, and the late saps are trying to find the next suckers to flip them out of their house before it all goes under. What do you do with an 800K small house when interest goes back to 7% or if it were to go to 15% as in the early 1980s? Do the math? Who wants it then?

tr6 says

interest rate drop will help with prices

That's the game plan. I see no rise in rates for years and years to come.

bubblesitter says

tr6 says

interest rate drop will help with prices

That's the game plan. I see no rise in rates for years and years to come.

----------------------------
Fed’s Dudley Calls Forecast for Mid-2015 Interest-Rate Rise ‘REASONABLE’

http://mobile.bloomberg.com/news/2014-10-07/dudley-calls-forecast-for-mid-2015-rate-rise-reasonable-.html

what does a "triple dip" even mean? not sure the video was clear about that.

i can see prices in the hottest markets being around 15-20% overvalued at the moment.

hopskipjumpnow says

As interest rates drop? ARE YOU SERIOUS? What school of finance did you go to? They cannot get any lower without going negative.

The school of FACTS. Check out 30 year treasuries and 30 year mortgage rates in the last month. The rates already dropped. 30 year treasury is lower now than this time last year.

tr6 says

The school of FACTS.

The Fed is preparing to change gears and change its narrative while in mystery.

They know political promises must be broken due to pension promises that won't be met due to low rates. Thus they'll hide in mystery and spread confusion by raising. rates before the actuaries and credit rating agencies point to them as the reason why pensions are broken.

Remember Japan saw its stock market fall 1000 points yet its people continue without a problem. Such a hit dings their pensions yet the Japanese people will always obey its government.

The Fed has to deal with international bond holders and a US population that won't take broken pensions lightly.