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Apr 19, 2021
4:26
:56
pm
boogers
All-American
The 70's? When mortgage rates went into the teens? If that happens again
"affordability" will be a minor discussion.
A non-disastrous rate increase will reduce home values.
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boogers
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boogers
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Dec 26, 2013
Last login
Dec 2, 2021
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Messages
Author
Time
Real Estate PRICES
boogers
4/19/21 4:21pm
This happened in 1970s. Surprise! Prices continue to rise on inflation fears.
roseyscenario
4/19/21 4:23pm
The 70's? When mortgage rates went into the teens? If that happens again
boogers
4/19/21 4:26pm
As i said, the mid teens which happened in the 1980s, stopped it. 5% won't.
roseyscenario
4/19/21 4:31pm
OK. 5% and rising will hit home values pretty hard tho'.
boogers
4/19/21 5:14pm
Raising interest rates would be very politically unpopular. I know the Fed is
Unibro
4/19/21 4:37pm
When mortgage payments were <$200.
ag4cougs
4/19/21 6:37pm
And incomes were <$10,000. When mortgage rates hit 5%, prices will be > than now
roseyscenario
4/20/21 5:39am
It's another bubble. Laugh and/or ignore at your own peril.
Indy Coug
4/19/21 4:24pm
Certainly demand would drop and price growth would taper off, however the
Junior Deputy
4/19/21 4:26pm
My own home has shot up in value by 22K in the last month. This is bonkers.
CougarTailDevourer
4/19/21 4:27pm
Rates ain't going up anytime soon
Sandiegan
4/19/21 4:41pm
Interest rates won't increase unless we have inflation which means prices and
johnnybyu
4/19/21 4:42pm
Bargains await those with cash when the bubble bursts
CBaass
4/19/21 4:45pm
I hope so and have been planning on that but inflation may be stronger than we
johnnybyu
4/19/21 4:47pm
Exactly the purchasing power could be greatly reduced
compcoug
4/19/21 4:51pm
Agreed I have a decent portfolio but have been on the sidelines for a few years
johnnybyu
4/19/21 4:54pm
If you’re interested in this sorta thing a HELOC can be a good play.
Junior Deputy
4/19/21 4:55pm
I liove helocs and use them often but with low rates doing cash out refis.
johnnybyu
4/19/21 7:35pm
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