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Real Estate
Reply to "Does anybody have a grip on the housing market?"
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[quote=Anonymous]Increased interest rates only lowered prices in nondesirable areas; everywhere else (which includes most if not all of NOVA), the increase in interest rates was like an inflationary measure; prices stayed same and mortage prices just increased. THe increase in interest rates benefited absolutely no one. What did we expect? -Stimulus money (I wasn't against it, but it did have its effects) -Lots of teleworkers now, especially high-income ones, have more disposable income -Lots of two-income households with high incomes (and many of these also included in previous category) [for example, a household with two GS-15s, and one or both of them telework) Lot of money floating around, no free lunch! [/quote]
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