Home › Forums › Housing › Housing Market Report: May 2006 › The greed and false
The greed and false expectation of easy gains in RE was a necessity for this get out of control. Having 1% interest rates alone is not enough.
As Bugs said, other areas in the nation also had access to 1% rates. Why didn’t prices in Lincoln NE shoot up?
I had access to 1% interest, 0% down, but I didn’t have the get-rich-quick mentality, so I didn’t buy into an overvalued market.
The psychology was the force that moved this market, and the low interest rates made it possible.
