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Reply to "Poll: How much did you pay for your house and what's it worth now? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They will not move rates up high until the average price exceeds the bubble high with enough cushion to sustain the price.[/quote] Who is "they?" Rates are set in the long run by the market, not Bernanke, if he is your "they."[/quote] They is the federal reserve, we are already being hit with the obamcare and higher taxes, the reserve will wait until way after those affects before messing with housing[/quote] I think you're missing the point. It is beyond the Fed's control, over time. They are buying debt with money they (we) don't have to bid down interest rates. It is not sustainable and will not be sustained. Know one has a crystal ball, but don't count on the bond market tanking at a convenient time. When it does, up go rates and down go $800,000 houses.[/quote]
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