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Reply to "Why don’t people understand that low rates work against them?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This whole thread ignores the point that people don't buy their house solely as an investment. They but it as a place to live. If I am investing, yes, I stand to lose if I buy an asset at $1,000,000 at 3%, and then rates go up to 4%. That's bad. As a homeowner, I can buy a nicer place to live for a lower monthly cost if rates are lower. That's good![/quote] As a homeowner you buy a home as a place to live and as a savings account, so as a homeowner you want low rates high prices. But as a buyer you are better with higher rate and lower prices. [/quote] And to clarify, as a homeowner at the time of sale. Otherwise, lower rates will contribute to higher prices and higher taxes for the homeowner who’s not selling. High prices are important for a homeowner only at cash out. And high prices are also false reassurance. Nothing guarantees a high price at time of sale. These trolls on DCUMD think that by bullying the ‘low rates bad’ thinking they are assuring that their prices never drop. Wait until section 8 housing is build next to you, and then you’ll see. [/quote] What the hell are you blathering about? This entire thread is pure nonsense. [/quote]
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