[quote=sdrealtor][quote=deadzone]It may be true that high interest rates have not historically led to housing downturns. However, the current situation is unlike any in history. Due to the number of I/O ARM loans outstanding (reset chart), as we’ve discussed ad-nauseum, higher interest rates right now would abolutely DESTROY the housing market.[/quote]
I love it! So this times its different.
The bear is using the mantra the bears attacked the bulls with a few years ago as being ridiculous. It was ridiculous then and still is.[/quote]
I am waiting to hear the words “permanently lower plateau” for home prices.
