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Real Estate
Reply to "House prices falling?"
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[quote=Anonymous]I agree w PP that prices will fall due to the job market and incomes not rising. that's why looking at past trends for interest rates/housing prices don't work here. There's only a certain population that can afford monthly payments for an $800k+ house and at 3.25% for 30 years with $150k down that's $3,700/month, at 7.25% that's $5,300/month. Big difference. The only way prices go up is incomes go up or we go through another subprime lending standard mess.[/quote]
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