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To: Barnacle

I don’t know. In the past (’70s, ‘80s), an economic environment similar in some ways led to high interest rates, but I’m not sure as to whether or not it will happen this time. It’s something to watch for, though.


19 posted on 02/24/2021 6:50:01 PM PST by familyop
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To: familyop

High interest rates? Not going to happen to plugs any more than it happened to oblunder.

The fed has moved into a new dimension. 2 and 3% money is stupid. I wouldn’t even get out the application forms to loan money at those rates to anyone. NO matter how stupid we now have two generations who think this is “normal” and anything but their version of “normal” would send them into tailspin panic. Imagine what would happen to home affordability if interest rates went to a more rational 6%? Just about everybody would have to take a step backward in purchased house price or the sellers would have to take a bath. Real estate is a house of cards again.

Buy a house to live in. Buy land and stock to invest. Houses are generally a dumb investment unless you buy a junker in a good area and put a lot of you into it.


75 posted on 02/24/2021 10:48:20 PM PST by Sequoyah101 (I have a burning hatred of anyone who would vote for a demented, pedophile, crook and a commie whore)
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