patrick.net
An Antidote to Corporate Media
1,198,313 comments by 14,128 users - Kepi, mell, Patrick, RWSGFY online now
Splendid Case-Shiller Graphs Show Development of Bubble
invite response
2018 Mar 30, 10:56pm 10,926 views 45 comments
« First « Previous Comments 45 - 45 of 45 Search these comments
45
Malcolm
2018 Apr 3, 11:40am
Malcolm
2018 Apr 3, 11:40am
everything says
I am only looking at California as I don't have a pulse on the whole country. Yes, I think wages are a little more in line than before, and we don't have the insane teaser rates, that then became the regular rate to prop housing up.
Question, if you click on the link I posted, how can someone need principal reduction if prices are going up?
And yes, I think interest rates moving just a little are going to hurt badly. I also think interest rates ergo house values have their back against the floor. There is no more lowering of interest rates to prop up the market, that is why the state has resorted to loans that turn into gifts as a hope of preserving current levels.
Sure, areas can seem bubbly, but affordability and competition, bidding wars, would seem to weigh strongly in bay area.
I am only looking at California as I don't have a pulse on the whole country. Yes, I think wages are a little more in line than before, and we don't have the insane teaser rates, that then became the regular rate to prop housing up.
Question, if you click on the link I posted, how can someone need principal reduction if prices are going up?
And yes, I think interest rates moving just a little are going to hurt badly. I also think interest rates ergo house values have their back against the floor. There is no more lowering of interest rates to prop up the market, that is why the state has resorted to loans that turn into gifts as a hope of preserving current levels.
« First « Previous Comments 45 - 45 of 45 Search these comments
https://seekingalpha.com/article/4159428-update-splendid-housing-bubbles-u-s