[quote=ucodegen]Yes, the interest rates and house prices move in opposite directions.[/quote]

This is actually not borne out by the facts. If you go back and look at the late-70s and early-80s, when rates increased dramatically, housing prices increased at a very high rate as well. If rates are moving up, it’s probably because of inflation. And if inflation rears its ugly head, there’s a good chance that it will show up in rents, and thus housing prices. Of course, the “next time could be different.”