[quote=briansd1][quote=flu]This must suck donkey butt for folks who were responsible savers trying to save up for a home all these years. It would be ironic if these low interests rates were available only to people upside down.[/quote]
Don’t be bitter. Bitterness causes ulcers and activate enzymes that can cause cancer.
But seriously, monetary policy (low interest rates) is trickle down economics. The liquidity benefits mostly the banks, corporations and well-to-do individuals who need it least.
We need other policies to increase cash flow for those who are suffering most.
As sdr said, reducing mortgage interest rates at the bottom end will unleash billions of dollars to help the eco
If a homeowners had been faithfully paying his mortgage at 7% (can’t refinance for some reason). Why not reduce the rate to 4%?
The banks and corporations got their bailouts… now,let’s help the people who need it most. It’s about helping the economy as a whole, right now.[/quote]
Brian, good portion of ulcers are caused by bacteria, not stress as you limited understanding of how ulcers work has led you to believe. Some Dr. won a Nobel prize with that discovery…. So I’d recommend you stick to topics you know more about and avoid discussing health, women, and sex.
Brian, I don’t care because I already bought. I just think it sucks for people on the sideline. Also, as might also suck if you are a landlord.
