If this holds true, how would this impact the RE market/prices? I expect if interest rates will be sky high, prices will drop to track some level of affordability per wages. Now, if this bring big time inflation (hyper inflation), I just can’t imagine receiving an 8% raise every year to adjust for cost of living…..This is another article that makes you go “hmmmm” vis-a-vis our future/RE forecast.
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“May 14 (Bloomberg) — President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.
“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”
Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”
The Gov. has moved heaven and earth to get rates down this low. Its unnatural and not sustainable.
This spring is one last coat of lip stick on the pig. One last chance to sucker a few fence stitters into buying while we enjoy the calm at the eye of the shitstorm.
Higher rates are coming and they bode unwell for RE.
The Gov. has moved heaven and earth to get rates down this low. Its unnatural and not sustainable.
This spring is one last coat of lip stick on the pig. One last chance to sucker a few fence stitters into buying while we enjoy the calm at the eye of the shitstorm.
Higher rates are coming and they bode unwell for RE.
The Gov. has moved heaven and earth to get rates down this low. Its unnatural and not sustainable.
This spring is one last coat of lip stick on the pig. One last chance to sucker a few fence stitters into buying while we enjoy the calm at the eye of the shitstorm.
Higher rates are coming and they bode unwell for RE.
The Gov. has moved heaven and earth to get rates down this low. Its unnatural and not sustainable.
This spring is one last coat of lip stick on the pig. One last chance to sucker a few fence stitters into buying while we enjoy the calm at the eye of the shitstorm.
Higher rates are coming and they bode unwell for RE.
The Gov. has moved heaven and earth to get rates down this low. Its unnatural and not sustainable.
This spring is one last coat of lip stick on the pig. One last chance to sucker a few fence stitters into buying while we enjoy the calm at the eye of the shitstorm.
Higher rates are coming and they bode unwell for RE.
