Reply to Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes.

Forum Index » Real Estate

Reply to "Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yep we are the older people everyone likes to blame at the moment.  3000 sq ft house in a good school district, almost paid off.  more house than we need or want and we would love to downsize, but the way prices are, a smaller house would be more than we paid for our original house and with a mortgage would actually cost more than we are paying at the moment.  we don't want to stay put, but it doesn't make any sense to move. [/quote]

+1 this is us too. Real estate agent keeps pushing to sell house and take the cash but buying something now is more expensive. Renting a smaller place for more then our carrying costs to [b]wait out the market [/b]also seems to not be a good move. [/quote]

But what if there’s more inflation?[/quote]
May be, may be not.

The answer to that depends on [i]your[/i] evaluation of whether the current (or future) morons in the White House or at the Fed have the will and ability to print more dollars, devaluing them.

Yes  = more inflation.
No = deflation.

Our economy is 2/3 dependent on consumer spending. Unless incomes rise (ha!) with (or higher than) inflation, consumer spending WILL go down. That's the recession and deflation part. The rest 1/3 of the economy can keep spending all they want, it won't do zilch.[/quote]

The government is increasing spending and consumption faster than its subjects are tightening their belts. Directly in contrast to the FED goals. Total dysfunction from the swamp as it stokes WW3 to avoid embarrassment and ridicule as it heads for its prepared bunkers. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics