I dont agree with the realator triad thing said earlier. I think the RE agents on here are some of the few who really have any idea what is going on. I appreciate their comments and insights even if I dont want to hear what they are saying. Just about everyone on here cept the trolls wants affordable housing and lower prices. Being an RE agent/morgage broker isnt like being a drug dealer, even if some people in this country hold them in the same comptemt.
It breaks down this way. If you plan on buying within the next 6 months, you want low rates. Housing really wont fall enough in that time span to justify your resulting higher payments. If you plan to make a purchase more than 6 months out, you want high rates as that will drive prices down more. The thing is there is NEVER a bad time to buy in the RE industry, so any rise in rates seems like a travisty.
My problem lies with the Federal Researve and the Banking industry cronies in Washington. They have managed to privatize gains and socialize losses. I know that is said alot, but it really is true. My problem is that the Fed acts as a appolgoizer for the Gov’s actions as a debt pusher. We will always be ok if we can just tell the truth and stick to the facts. It is when our hearts start bleeding as a nation or greed starts corrupting our choices that we will fall. Lets take our pain now, and get back to healthy normal growth.
