It will be an interesting two years. Nonetheless the hopes of an inventory tsunami driven by foreclosures to produce affordable homes in the desireable areas of San Diego seems to have not really materialized.
Maybe inflation and the bond market will have better luck.
And one more thing. I agree entirely on the interest rate thing. 6% mortgages won’t cause a huge problem, particularly if it’s in conjunction with even mildly shrinking inventories. But 8% sure will. So the Fed will keep dancing for awhile.
And one more thing. I agree entirely on the interest rate thing. 6% mortgages won’t cause a huge problem, particularly if it’s in conjunction with even mildly shrinking inventories. But 8% sure will. So the Fed will keep dancing for awhile.
And one more thing. I agree entirely on the interest rate thing. 6% mortgages won’t cause a huge problem, particularly if it’s in conjunction with even mildly shrinking inventories. But 8% sure will. So the Fed will keep dancing for awhile.
And one more thing. I agree entirely on the interest rate thing. 6% mortgages won’t cause a huge problem, particularly if it’s in conjunction with even mildly shrinking inventories. But 8% sure will. So the Fed will keep dancing for awhile.
And one more thing. I agree entirely on the interest rate thing. 6% mortgages won’t cause a huge problem, particularly if it’s in conjunction with even mildly shrinking inventories. But 8% sure will. So the Fed will keep dancing for awhile.
Oh it was wonderful. My first mortgage loan somewhere around 1978 was 14%. Refi’d at just under 12% a couple years later and I was ecstatic. Just checked Zillow and that condo is worth somewhere around $190K now. (there are somewhere around 75 identical condos, so the value is probably pretty close to accurate.) I paid just under $70K. If we see those kinds of rates again, it won’t drop down to the price I paid, but based on current rents, it probably could drop down to $100K. The good old days. When Realtors actually earned their 6% 😛
Oh it was wonderful. My first mortgage loan somewhere around 1978 was 14%. Refi’d at just under 12% a couple years later and I was ecstatic. Just checked Zillow and that condo is worth somewhere around $190K now. (there are somewhere around 75 identical condos, so the value is probably pretty close to accurate.) I paid just under $70K. If we see those kinds of rates again, it won’t drop down to the price I paid, but based on current rents, it probably could drop down to $100K. The good old days. When Realtors actually earned their 6% 😛
Oh it was wonderful. My first mortgage loan somewhere around 1978 was 14%. Refi’d at just under 12% a couple years later and I was ecstatic. Just checked Zillow and that condo is worth somewhere around $190K now. (there are somewhere around 75 identical condos, so the value is probably pretty close to accurate.) I paid just under $70K. If we see those kinds of rates again, it won’t drop down to the price I paid, but based on current rents, it probably could drop down to $100K. The good old days. When Realtors actually earned their 6% 😛
Oh it was wonderful. My first mortgage loan somewhere around 1978 was 14%. Refi’d at just under 12% a couple years later and I was ecstatic. Just checked Zillow and that condo is worth somewhere around $190K now. (there are somewhere around 75 identical condos, so the value is probably pretty close to accurate.) I paid just under $70K. If we see those kinds of rates again, it won’t drop down to the price I paid, but based on current rents, it probably could drop down to $100K. The good old days. When Realtors actually earned their 6% 😛
