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Reply to "Seller counters above list price?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Next month it will cost 10% you snooze you lose[/quote] And by end of 2015 it will be worth 50% less when Yellen raises rates (as slipped out in her first press conference. )[/quote] You seem to think housing prices are affected by interest rates. They're not.[/quote] WTF the Fed has been doing with lowering rates and QE, other than supporting housing and banking? Oh right, only falling interests rates boost housing prices, never the inverse. Thanks for the armchair economics lesson.[/quote] Prices didn't rise because of falling interest rates, pp. If you want an armchair economics lesson, review the concept of "supply and demand."[/quote] And demand has been stoked by artificially lowered interest rates. Thanks for playing![/quote] Um, no. Demand has been stoked by migration to this area and a lack of housing supply. Rents are increasing too. People have to live somewhere. Lovely parting gifts for you at the door at all that. You've been schooled.[/quote] Seriously PP? Let me guess, you have an ARM mortgage and will have no problem making payments at 15%?[/quote] No arms go up to 15% there is a cap of a percent each year and a max rate of about 7 above initial. Go blow yourself cause that is the only person you can convince of your idiocy.[/quote]
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